ETHUSD Will Go Higher! Long!

29 בנוב׳

Take a look at our analysis for ETHUSD.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 3,584.8.

The above observations make me that the market will inevitably achieve 3,836,4 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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30 בנוב׳

הערה

Great beginning for a trade, let’s hope it goes further!