ETH moved from demand zone to demand zone. If it breaks through the top of the demand zone it is currently in, expect more surging. If it cannot, we may have another drop to the previous demand zone to test support. Right now it seems like we have support over the 200 MA, but RSI is rapidly approaching oversold at the daily level.
Note
Forgot to mention, but it's obvious that we had a descending wedge breakout to me.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.