Etherium (eth) update from 1 hour chart
Update :
The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break.
The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if it break above and retest halt above the zone,
As trend identification
Move >> consolidate >> move pattern (on either side) currently it is in pause phase and range bound
Rsi looks strong above 50 lvl and no divergence
The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break.
The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if it break above and retest halt above the zone,
As trend identification
Move >> consolidate >> move pattern (on either side) currently it is in pause phase and range bound
Rsi looks strong above 50 lvl and no divergence
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