ETH is in bearish trend (deep correction).
We have two triangles: short-term (small) and long-term (large). At the moment, the upper side of a small triangle is broken bottom-up.
The price will move along the support line (lower side of the small triangle), and if it will cross the resist-line (the upper side of the large triangle), there is very likelihood that the uptrend will be recovered.
Indicators:
RSI: is in equilibrium (50).
Stoh: moves to mark 50.
So there is potential for growth.
The chart shows an interesting section of crossing the price, its MAs and support line ("Magic" :)). Given that the short MA crosses the long MA bottom-up and price crosses the resist-line - the probability of growth is high!
A small concern is caused by the small volumes of trades and the last two spinning tops candlesticks .
We have two triangles: short-term (small) and long-term (large). At the moment, the upper side of a small triangle is broken bottom-up.
The price will move along the support line (lower side of the small triangle), and if it will cross the resist-line (the upper side of the large triangle), there is very likelihood that the uptrend will be recovered.
Indicators:
RSI: is in equilibrium (50).
Stoh: moves to mark 50.
So there is potential for growth.
The chart shows an interesting section of crossing the price, its MAs and support line ("Magic" :)). Given that the short MA crosses the long MA bottom-up and price crosses the resist-line - the probability of growth is high!
A small concern is caused by the small volumes of trades and the last two spinning tops candlesticks .