A bit of complicated volatility when price action enters the 25 to 20k level.
MACD centerline hasn't been protruded ever since. So,when downtrend continues, it's not impossible to lengthen this cycle and even go retest the black swan 2020 Covid BTC price level.
28k has been crossed and we're running out of footing that we can find aside from 2017 high which is...
A bit of airing out some consolidation and bears might take a couple of week this September. The winning streak belongs to the bulls as this upward channel play out a much tolerance to the previous ATH at 64K price. then next resistance might be hovering between 75 to 85k. Well, it a wise to stay DCA'ed and stick to you plan and trade your plan.
ETH (Long) 240
ETH price move in an upward channel and won't take that long reach the USD400 price level (red line). Alongside, a more interesting diverging channel is likely to produce a bullish bias.
For the short term, MACD will retest the crossover and will have foundation for the move towards 400+
RSI is likely to favor the momentum of oversold bias but...
It's pretty good looking and promising to be long again... so keep in mind the following points for the current trend:
Next channel upper major resistance sits at 280 level, once traversed might pierce 300 price level.
MACD is yet to bring more will intensely bring 'long' traders once it crossed the signal line!
MA cross is bullish. In the current...
RSI level is not quite interesting but once crosses 50% will confront again the decision to go long..
But wedge is spiraling downwards for the daily chart. Short to medium term bulls? Will wait.
Short term downturn might be worrisome for the bears as STO and MACD readings does not hold below its belt line. The coin suggest the Bull will take the favor now since Ichimoku cloud shows the trend is right above the Senkou span, but still not very convincing since it sits just between the conversion line and the base line. More airing out of the short term...
