ETH is looking rather healthy, the market is in an up turn. Recently BTC has regained some of it's losses, and LTC has popped hard!
These market conditions and sentiment allow all alts to grow some. ETH is looking healthy right now. It has broken above it's 50 EMA and is now trading safety above it.
The volume is starting to pick up and we can see bigger green bars than red ones.
RSI is above 40 and pointing up, the MACD has rolled over and is looking for separation - once it crosses the 0 level expect major take off.
That being said, look out for resistance which was laid down previously as support. The red line denotes the general area where we may find this resistance.
This is not financial advice and I am not a financial advisor!
Best of luck,
X
These market conditions and sentiment allow all alts to grow some. ETH is looking healthy right now. It has broken above it's 50 EMA and is now trading safety above it.
The volume is starting to pick up and we can see bigger green bars than red ones.
RSI is above 40 and pointing up, the MACD has rolled over and is looking for separation - once it crosses the 0 level expect major take off.
That being said, look out for resistance which was laid down previously as support. The red line denotes the general area where we may find this resistance.
This is not financial advice and I am not a financial advisor!
Best of luck,
X