Ethereum 29th July 2022
Time Frame: 1 Week
Indicators:
MACD reversing up
OBV up
Stoch RSI up
RSI up
Price Action:
The price at the beginning of the week was trading below $1517, and since the FOMC announcement it hard rejected that level and is currently sitting just above EMA13.
This hints that the price action is ready to challenge the EMA21 (currently $1985 but expecting it to gradually shift nearer into the 0.382 level)
If the price closes this week above $1517, a retest of 0.236 ($1517) then rally to 0.382 ($1911) could be on the agenda next week.
--Like, follow or drop a cheer if you find my findings useful!
Indicators:
MACD reversing up
OBV up
Stoch RSI up
RSI up
Price Action:
The price at the beginning of the week was trading below $1517, and since the FOMC announcement it hard rejected that level and is currently sitting just above EMA13.
This hints that the price action is ready to challenge the EMA21 (currently $1985 but expecting it to gradually shift nearer into the 0.382 level)
If the price closes this week above $1517, a retest of 0.236 ($1517) then rally to 0.382 ($1911) could be on the agenda next week.
--Like, follow or drop a cheer if you find my findings useful!
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