Couple days of inaction and consolidation for ETH! RSI is back to neutral zone (58).... Price is holding nicely above 21 MA. According to what I'm seeing, a break up is highly probable, but I'm not sure about the time! It can happen tomorrow or closer to the weekend. If it can break strongly through $404 resistance then we are off for a strong rally up to 261.8% Fib Extension or $531.... I would recommend to wait for confirmation before opening positions.....
There is also a chance for more downward selling pressure, in that case $360 or 50 MA will be the first resistance. I will give this less chance at the moment.....
Let's see how it goes.......
There is also a chance for more downward selling pressure, in that case $360 or 50 MA will be the first resistance. I will give this less chance at the moment.....
Let's see how it goes.......
