Ethereum Short-Term Signals Sideways
When we looked at Bitcoin, BTCUSD, we can appreciate its price already above MA200 (black line on the chart) and challenging EMA50/100.
For Ethereum, ETHUSD, only MA200 is being challenged now while prices remain below EMA50/100...
Here the MACD has a bullish cross but still below zero.
The RSI is trending up but still below 50.
We have this choppy price action which can be concluded as sideways.
While Bitcoin & Ethereum go sideways the smaller Altcoins can grow.
It is still good to see these crypto holding while the general market uncertainty is strong.
Since the signals are not so clear, we go for "continuation" since we have a higher low.
It can change fast to any side because the volume is very low.
When the volume is as low as it is now, a strong move can happen anytime so don't be surprise to see a sudden drop or price jump.
Namaste.
For Ethereum, ETHUSD, only MA200 is being challenged now while prices remain below EMA50/100...
Here the MACD has a bullish cross but still below zero.
The RSI is trending up but still below 50.
We have this choppy price action which can be concluded as sideways.
While Bitcoin & Ethereum go sideways the smaller Altcoins can grow.
It is still good to see these crypto holding while the general market uncertainty is strong.
Since the signals are not so clear, we go for "continuation" since we have a higher low.
It can change fast to any side because the volume is very low.
When the volume is as low as it is now, a strong move can happen anytime so don't be surprise to see a sudden drop or price jump.
Namaste.
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