After the huge volatility wick on 2nd August we need to give the market a bit of breathing space to decide if it's the start of an extended decline, or if supply is quickly absorbed and new highs are to be tested.
In this case it certainly seems it was a minor blip with a bit of downwards drag on the market for these past couple days, but prices are already edging back up to resistance.
Tinken-san has already crossed back above the kijun-san level on the Ichimoku. MACD is pointing up. Stochastic RSI has just emerged from oversold condition.
A break above the local high shown here on the 4-hour timeframe will signal another extended rally for ETH and the alt market. With a series of higher lows, the triangle may already be set to break to the upside by end of tomorrow.
Note: SparksterSignals are not provided as financial advice.
In this case it certainly seems it was a minor blip with a bit of downwards drag on the market for these past couple days, but prices are already edging back up to resistance.
Tinken-san has already crossed back above the kijun-san level on the Ichimoku. MACD is pointing up. Stochastic RSI has just emerged from oversold condition.
A break above the local high shown here on the 4-hour timeframe will signal another extended rally for ETH and the alt market. With a series of higher lows, the triangle may already be set to break to the upside by end of tomorrow.
Note: SparksterSignals are not provided as financial advice.
