ETH/USDT
Diupdate
The 4-hour chart shows that the bulls aggressively purchased the dip to the 20-EMA.
If the price turns down from the current levels or the overhead resistance, the bears will try to sink the pair below the 20-EMA. If that happens, the decline could extend to the critical support at $488
If the bulls can push the price above $562
the uptrend could resume with the next target objective at $625.
The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control.
This bullish view will be negated if the bears can sink the price below today’s intraday low at $511 Such a move could attract aggressive selling and increase the possibility of a break below the critical support at $488
If the price turns down from the current levels or the overhead resistance, the bears will try to sink the pair below the 20-EMA. If that happens, the decline could extend to the critical support at $488
If the bulls can push the price above $562
the uptrend could resume with the next target objective at $625.
The upsloping moving averages and the RSI in the overbought zone suggest that bulls are in control.
This bullish view will be negated if the bears can sink the price below today’s intraday low at $511 Such a move could attract aggressive selling and increase the possibility of a break below the critical support at $488
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Trading ditutup: target tercapai
Fixed all position at 620.
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