Ethereum fourth RSI hit
Hello!
Here we can see Ethereum against Bitcoin on 1 hour timeframe. Eth is showing some strenght. For now..
It is testing fourth time this RSI trendline. We can also see the same resistance line on on the price.
I have said that usually the fifth or sixth time breaks the line but anything is possible.
First target is previous top around 0.045. After that there is little if any resistance to around 0.055 satoshis and if monthly timeframe head and shoulder is the target (which you can see here) we are going to 0.058 sats.
Of course this is all speculation so stay on your toes.
Beware of the markets which has turned crazy.
Every direction you are looking markets are rising like crazy, people are on really greedy mood.. I can see this from my own actions and I think you can see it too.
What I have heard similar things happened in dotcom bubble around 2000 so this will pop. The question is when.
Also if you haven't heard of The Graph you should check them out. Really interesting project if you ask me.
If you are not holding for long term, or are trading use stop loss.
Otherwise you will get your ass burned!
-Jebu
Here we can see Ethereum against Bitcoin on 1 hour timeframe. Eth is showing some strenght. For now..
It is testing fourth time this RSI trendline. We can also see the same resistance line on on the price.
I have said that usually the fifth or sixth time breaks the line but anything is possible.
First target is previous top around 0.045. After that there is little if any resistance to around 0.055 satoshis and if monthly timeframe head and shoulder is the target (which you can see here) we are going to 0.058 sats.
Of course this is all speculation so stay on your toes.
Beware of the markets which has turned crazy.
Every direction you are looking markets are rising like crazy, people are on really greedy mood.. I can see this from my own actions and I think you can see it too.
What I have heard similar things happened in dotcom bubble around 2000 so this will pop. The question is when.
Also if you haven't heard of The Graph you should check them out. Really interesting project if you ask me.
If you are not holding for long term, or are trading use stop loss.
Otherwise you will get your ass burned!
-Jebu
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