ETH is now in the process of retesting both the 50MA and the 0.236 Fib level.
This current candle is closing strong — with solid volume. If momentum holds, both systems are close to flipping bullish:
– PSAR is about to flip
– MLR and SMA are lining up to cross above the BB center
RSI has cooled off, giving room for more upside, and MACD is close to turning bullish.
In short:
We’ve got a confirmed Fib retest on good volume
Both systems are preparing to signal long
And both oscillators are backing the move
We’ll be here to watch it unfold.
Always take profits and manage risk.
Interaction is welcome.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.