ETHUSD
The second crypto by market cap is in a very interesting graphical situation.
1) The price is channeled in an Down channel, which by default breaks upwards.
2) RSI is crossing UP 50% higher which is a strong buy signal.
3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red box)
4) Found an all-time low at the technical price of $1k which triggered buy orders.
So to summarize we are in two options:
a) That the price follows the broad wave of BTC and Wall Street breaking the Down channel and the existing resistance to attack the all-time highs at $ 5K
b) If the price is rejected near the resistance and the upper band of the Down channel it will look for new lows in the historical resistance of $ 500
LPI.sa
The second crypto by market cap is in a very interesting graphical situation.
1) The price is channeled in an Down channel, which by default breaks upwards.
2) RSI is crossing UP 50% higher which is a strong buy signal.
3) The price after breaking the first resistance (lower red box) is breaking is heading towards the next resistance (the upper red box)
4) Found an all-time low at the technical price of $1k which triggered buy orders.
So to summarize we are in two options:
a) That the price follows the broad wave of BTC and Wall Street breaking the Down channel and the existing resistance to attack the all-time highs at $ 5K
b) If the price is rejected near the resistance and the upper band of the Down channel it will look for new lows in the historical resistance of $ 500
LPI.sa
