ETH Possible Reversal, Altseason back soon? 100%+ possible
Updated
Last time we hit a period of 10 days being oversold on the RSI ETH climbed 300%+. We are getting close to 8 days of being oversold here and if we bounce back with an increasing RSI, we can see a bounce back from ETH similar to the one we saw back in December. Keep an eye out for 0.618 fib resistance being held or broken, if we break it lower we might have to wait a bit longer. This range is in my opinion a good range to enter ETH if this plays out as a fractal.
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Depending on volume coming in we might see 100%+ here
If you like the analysis and agree remember to leave a thumbs up, it's always appreciated.
Depending on volume coming in we might see 100%+ here
Note
Testing Fib 0.618 as a possible resistance area on the short term growth. I like some charts that are floating around with the 50.200EMA showing a possible crossing at the moment which would mean we are headed to the 0.786fib range soon enough. Chart levels still hold. I will publish an updated one soon and link it to this one. Still a good entry range for ETH
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