ETH daily is on track to reach $1,735 target as projected on Aug 21.
Likely ETH will hit resistance at the top of the daily green log curve zone or worse case, the daily BB middle today.
If the resistance can't be broken, then downward price action will resume below $1,525
Daily MACD continues to show upward price momentum.
However, daily TTM Squeeze still shows downward momentum on the bigger picture.
12H MACD and TTM Squeeze are alined with upward price momentum.
Stoch on 12H both fast/slow are showing continued upward price momentum.
3D MACD and TTM Squeeze show continued downward price momentum on the bigger picture.
Overall, looks like ETH on daily will likely reach the $1,735 area and then likely be rejected and continue to fall below $1,525.
Enjoy!
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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.