Oversold Ethereum To Bounce Back To EMA10 or Higher ($2,222)
We are looking at Ethereum (ETHUSD) on the weekly timeframe and this pair is oversold.
The RSI hit its lowest level in a long while.
While we looked at many different signals recently that support a relief rally, we will keep it simple for this one.
As ETHUSD tested MA200 as support, it needs to bounce back now and test EMA10 in the least at $1864 or higher before any new lows.
We will see Ethereum move to ~$1850, ~$2,222 and beyond.
Namaste.
The RSI hit its lowest level in a long while.
While we looked at many different signals recently that support a relief rally, we will keep it simple for this one.
As ETHUSD tested MA200 as support, it needs to bounce back now and test EMA10 in the least at $1864 or higher before any new lows.
We will see Ethereum move to ~$1850, ~$2,222 and beyond.
Namaste.
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.