Ryecatcher

ETH/USD giving mixed signals

KRAKEN:ETHUSD   Ethereum
ETH is currently at a crucial point on the RSI, completely in over bought terrority and looking at the past to give us an indicator on the present ETH at these levels normally Indictate an incoming bearish move, however 10-30% drops are very normal and in infact healthy In a bull market.

On the other hand if ETH decides to ignore all indicators and continue its rise the next target will be around the mid $1300 (yellow line on the chart)

Stay safe trading.

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