Ethereum

ETH Update Daily TF Sept 10

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ETH has been on a run & managed to break through the downward slopping resistance from the Nov ATH @ $1750.

Things to note on the daily:
- 9SMA is gearing up to potentially cross above the 50 in the next few days
- bull target #1 $1805 - $1820 Golden Pocket
- lower TFs are very overbought, so lookout for a back-test of 1750ish if we do hit the Golden Pocket first. If we back-test first, will have to look at RSI again
- bull target #2 $1900/0.786 FIB

Things to note on the 1hr:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1750

Things to note on the 15 min:
- we have a PERFECTED alignment of the SMAs (see chart)
- RSI is overbought, possible re-test of $1755

DO NOT fomo here. Prices can definitely go higher, but it's looking like a cool-off is in order first, as the lower TF RSIs are getting overbought.
A re-trace to 1730ish would be healthy, but watch out for the 9SMA crossing below the 21, which could possibly suggest further downside.
NFA, DYOR, make some dough

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