Ethereum broke below is demand zone on the break of the channel but bounce right off the POC and moving right back into resistance that was once support.
RSI has turned up and still has room to go before hitting resistance and MACD histo is nearing positive territory while the signal lines still have some time before we get a bullish cross. We are still not getting the volume we would like on this move up so remain cautious until we get a break on volume of this supply zone and re-enter the channel.
Thanks guys!
RSI has turned up and still has room to go before hitting resistance and MACD histo is nearing positive territory while the signal lines still have some time before we get a bullish cross. We are still not getting the volume we would like on this move up so remain cautious until we get a break on volume of this supply zone and re-enter the channel.
Thanks guys!
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