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Ethereum Technical Analysis! Key Levels to Watch! Currently Ethereum doesn't look too good from a TA perspective vs Bitcoin. On the 1D chart, we can see the red diamond on the RSVP Extractor called the drop, then the yellow shaded areas (oversold on RSI) called the bounce. Although there are 3 resistance points. The first is a trendline resistance around $3,600. The next is the immediate trendline resistance at $3,359 with coincides with the horizontal support at the same level. If ETH can't break this level, I can see it retesting support around $3,050 then falling to $2,750 if that can't hold. For the bullish scenario, ETH needs to break the $3,359 resistance then we're looking at the $3,600 trendline resistance, and finally the $3,842 horizontal resistance. If you had any question about my technical analysis above or my indicators used, please send me a DM or comment below :)
BINANCE:ETHUSD
by CryptoScripts
1
Called the Bitcoin Bottom! On the 1D chart for BTC, we can see there was major support at the $40,899 level. This coincided perfectly with our trendline support AND our Moon signal on the RSVP Extractor. You can also see a descending wedge pattern forming (which is extremely bullish if Bitcoin can break the trendline at $45,000). This has been a major resistance level for BTC and if it can break it, I can see us climbing back to $53,000. If Bitcoin can't break that $45,000 level, I see us retesting the $40,899 level and looking to bounce form the trend support of $38,000 or further down to $29,953. Please DM me or comment below if you had any questions about the technical analysis above or the indicators used :)
BINANCE:BTCUSDLong
by CryptoScripts
6