j_mitch

j_mitch

if you zoom on weekly chart observe the RSI level at 60 level, despite the recent pump in price of the asset prior to its Shanghai upgrade other related asset to #ethereum unstaking of the asset to 1900 and 2000 on the 14th April 2023, I expect this the price of #Ethereum to slowly decrease at-least to cool off on its recent pump in price to 57 level then pump...

j_mitch

weekly chart weekly chart indicates that the asset is trading in range, which is what we all actually expected though there is some sort of breakout which should be confirmed by the second candle stick. at the SMA 13 it breaks on that level a bullish hammer which kinda indicates that we should atleast expect a bullish trend over the coming week. dail chart...

j_mitch

trend the pair is trading in range in most time frames (Daily Chart, 4,1 HOUR Time frames ) technical analysis if you looking at this chart you will notice that its trading near its resistance, if you were to draw a Fibonacci retracemt n the chart you will see that the rectangle agrees with the info shown which is below the red resistance line drawn on the...

j_mitch

pardon me for being negative sided on this alt.....i have looked at this chart mostly on lower time frame the RSI shows every time it hits the overbought the price tends to fall it seems that the coin is facing alot of trouble trying to break its resistance. while you might be interested in the long term trend which is basically quit involving with the movement...

j_mitch

here im thinking of activating a DCA (Dollar Cost Averaging ) bot where i add this alt coin to my portfolio and allocate it at least 20 pc of the portfolio im seeing facing some resistance over the weekend. The RSI bring out the idea that the market is not oversold or overbought but there is some sort of bullish trend trying to develop but that will happen if...