AndreasS

AndreasS Updated 

Both on the weekly and the daily ABIB looks bearish. A hanging man on 1D confirms that it will test resistance at 116 after which it will drop until 106. Confirmed by both MACD and RSI.

AndreasS Updated 

ETHXBT pulled out of the Squeeze Funnel and got a huge increase, there is a stagnating RSI and a MACD about to come down make me believe ETH is overpriced right now.

AndreasS

ETHXBT is about to cross the MACD and I think touch the RSI again. Ethereum is definitely going to touch the triangle at 2575 and will reach up to 2750, making a 6.7% LONG available. A possible break out may follow but I am unsure in what direction, that's why I opt pulling out in the 2750 area.

AndreasS Updated 

ETH is about to bearishly cross the MACD and become undersold on the RSI. Decent support has been found at 2750 so I expect an ideal shorting opporutinity to happen at 2799 up until 2630, making a nice 6,42%. The slight pullback to 2799 is not guaranteed to happen but, looking at ETH's past and the current status, I do consider it likely.

AndreasS Updated 

ETH has hit RSI 3 times and is showing serious resistance around 2325-2500, MACD is very close to turning beneficial. I identify the long term trend as upwards and, based on ETHXBT touching the absolute low at 2100 I opt for a LONG position towards at least 2900. As soon as ETHXBT breaks the 2500 I think the uptrend is guaranteed.