Ethereum is now testing major resistance at 864 (Bearish price action, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level which could push price down to at least 766 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 905 (above strong bearish price action, Fibonacci extension).
Stochastic (34,5,3) is seeing major resistance below 99% and is starting to drop nicely from that level.
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Resistance at 905 broke right? Bullish pattern incoming.. any tp in mind?
Amit26
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@Tickmill , Thanks for the analysis. The price broke through both the resistance levels you mentioned. What are the chances of a pullback at this stage? What do you suggest now?
CB58
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The trend is your friend. What did you miss?
PavloO
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@CB58, Nothing, there just was small resistance level, so some rollback was possible
esriwi
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if you plot rsi stochastic, there is divergence, is there a confirmation for short ?