ETH Nearing Overbought

22 Eyl 2018

As you can see between the two red trendlines. ETH/USD has been on a downtrend for a while just like BTC. I think we will either see a downward move as the RSI is reaching levels historically signaled selling as well as reaching closer towards that resistance upper trend line. We also can use that 21 MA as resistance. Could go up in the near short term 1-2 days to the 250's to 260's. If so that is a sell signal. If not we are going lower from where we are at currently.

If you would like to save 10% on fees at Bitmex and have not yet opened an account or are looking to open a new one Use my referral link

bitmex.com/register/GprETf

If you like the content I am sharing please like, comment, follow, and share with your peers!

Thanks,
Chris