Ethereum Technical Analysis: Consolidating Before Next Move

Ethereum is tightly consolidating between the bottom of the $380-$365 resistance and top of the $355-$335 support. The market continues to look weak with lackluster volume and FUD permeating the news.

The daily RSI and Stoch RSI are both oversold. This suggests a temporary rise is likely, but I don’t expect a break above the $355 resistance unless we see an influx of volume.

In today’s video analysis, I discuss short term price movement, overall market sentiment, my Elliot wave count and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story.

Video Analysis:

If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) in order to watch.

BIAS:

Short Term: Slightly Bearish
Longterm: Bullish

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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by Workin2005

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