Today we've reached a very important resistance level (grey trend line).
This level was a support at $0.42 when ETH was falling from $2.96 back in 2013.
This level was a support at $80 when it was falling from $1500 back in 2018.
Now it became a resistance level with 2 possibilties:
- Either ETH doesn't make it and goes for a correction to $2.200, which would be 50% Fib and 20 EMA.
- ETH breaks the level and goes for a price discovery with a possible target of $8.100
RSI is way overbought and signaling a correction.
MACD is also in the sky, with a light turning signal.
NUPL on "On Chain" is also ready for a correction.
I think a good and healthy correction would be the best to keep growing.
This level was a support at $0.42 when ETH was falling from $2.96 back in 2013.
This level was a support at $80 when it was falling from $1500 back in 2018.
Now it became a resistance level with 2 possibilties:
- Either ETH doesn't make it and goes for a correction to $2.200, which would be 50% Fib and 20 EMA.
- ETH breaks the level and goes for a price discovery with a possible target of $8.100
RSI is way overbought and signaling a correction.
MACD is also in the sky, with a light turning signal.
NUPL on "On Chain" is also ready for a correction.
I think a good and healthy correction would be the best to keep growing.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.