hey guys welcome for an Ethereum ETH update, now ethereum is getting closer to the key level of 110-115 mentioned as the green area notice that upper and lower trend line, coming all the way from highs of June and lows of July, just like Bitcoin Ethereum is also respecting this trend lines as ypou see by the price history
by the time of writing eth is trading around 123, but am expecting another drop towards the green zone which could give us a nice long opportunity between 110-115 if am right and bulls succeed to protect this level than the purple area between 124-126 will be the first major resistance for prices to break incase if prices drops below 110 and keeps moving lower than 105 than just forget about the rally dont wait till 100.
have a look at my custom rsi
completyely oversold in 4h chart in my custom rsi, prices will now start getting strength from here
here's the 1h chart with my custom rsi, you see we already have started gaining momentum.
that's all for now, if you like my work than do support me with your followings, comments and likes this keeps me boosted with confidence to keep bringing new ideas for you:)
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