Today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD).
Ethereum price has been pumping recently and there is potential for it to keep moving higher, but ETH price and the RSI just made a lower low. If price keeps heading lower, it may come back down to where the recent pump started which is about a 30-35% correction, similar to my recent BTC price chart. The area of support is in the $1K region. RSI may be cooling down as well. Volume doesn't look strong.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
Ethereum price has been pumping recently and there is potential for it to keep moving higher, but ETH price and the RSI just made a lower low. If price keeps heading lower, it may come back down to where the recent pump started which is about a 30-35% correction, similar to my recent BTC price chart. The area of support is in the $1K region. RSI may be cooling down as well. Volume doesn't look strong.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
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.