ETHUSD is holding support in the form of an old prior high and the 200-day moving average near 208.
As ETHUSD moves sideways, it is relieving a short term overbought condition. Once the 14-day RSI falls to a more neutral level, that could be the trigger for the ETHUSD up move to resume.
Bottom Line: That means if ETHUSD range trades for a few days, the uptrend should be ready to restart.
As ETHUSD moves sideways, it is relieving a short term overbought condition. Once the 14-day RSI falls to a more neutral level, that could be the trigger for the ETHUSD up move to resume.
Bottom Line: That means if ETHUSD range trades for a few days, the uptrend should be ready to restart.
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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.
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.