ETH/USD - $2,800 Resistance Stays Firm. Can it break it? ð
ETH is quickly approaching a DECISIVE moment.
Break $2,800 and the BULLS will start a party. Fail and the bears return triumphant.
Which one will it be?
Even if ETH manages to move higher, the price has to move above $3,200 to make a higher high, without it this was just a dead cat bounce and likely price continues down.
The indicators are bullish on short timeframes, but daily remains on the bearish side if you check MACD, OBV and the RSI is trying to recover at this time.
Best to wait for a clear signal from price before taking action.
Bias neutral at this time.
Like and follow if you liked my idea!
Break $2,800 and the BULLS will start a party. Fail and the bears return triumphant.
Which one will it be?
Even if ETH manages to move higher, the price has to move above $3,200 to make a higher high, without it this was just a dead cat bounce and likely price continues down.
The indicators are bullish on short timeframes, but daily remains on the bearish side if you check MACD, OBV and the RSI is trying to recover at this time.
Best to wait for a clear signal from price before taking action.
Bias neutral at this time.
Like and follow if you liked my idea!
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Likes and follows appreciated! ð
