ETH (will 1H, 4H support hold?)
The ETH 1D MACD is showing bullish momentum, but is still negative. The RSI is slowly rising since it had been previously oversold, but it could go either way.
The 4H RSI is rising similarly and is also fairly neutral, but the MACD is bullish and may bounce up/stay above the signal line. 4H is also supported by the base of the ichimoku cloud.
ETH 1H RSI is trending down (bearish), and the MACD just turned negative and has been below the signal line for around a day. The price is being supported by the base of the ichimoku cloud (consolidation). If the price continues to fall far below $227 and remains below, we will fall lower.
There's an opportunity for a bounce (and a good start to a bullish 1D chart) if consolidation continues on the 1H and if the price holds. If not, we will likely fall lower (bearish) on the 4H and 1D chart indicators.
Good Luck!
The 4H RSI is rising similarly and is also fairly neutral, but the MACD is bullish and may bounce up/stay above the signal line. 4H is also supported by the base of the ichimoku cloud.
ETH 1H RSI is trending down (bearish), and the MACD just turned negative and has been below the signal line for around a day. The price is being supported by the base of the ichimoku cloud (consolidation). If the price continues to fall far below $227 and remains below, we will fall lower.
There's an opportunity for a bounce (and a good start to a bullish 1D chart) if consolidation continues on the 1H and if the price holds. If not, we will likely fall lower (bearish) on the 4H and 1D chart indicators.
Good Luck!
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