Ethereum Chart Update(1/19/18)steemCreated with Sketch.

in #ethereum • 6 years ago

The past few days has been hard for the whole market, we are just starting to see some coins start to make runs back to where they were before the correction.

Ethereum 1D Chart:

ethchart.PNG

We can see the support level (shown by blue arrow) is holding with price action closing on support.

Capture.PNG

The RSI is turning and could be a bullish sign if it continues into an uptrend.

This would help ETH hit our targets which are show by the blue arrow in the chart below.

Capture.PNG

Our price targets, depending on price action, are shown by the blue(bullish scenario) arrow and the red(bearish scenario) arrow.

Blue(Bullish): retest the $1200ish level

Red(Bearish): find support around $900

I am personally optimistic that the RSI will start to increase and signal a bull trend for ethereum!

I will check in tomorrow with another update! Let me know what you think!

Follow on twitter: @cryptogumby

#trading #cryptocurrency #investing #bitcoin
6 years ago in #ethereum by
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