Ethereum $ETH Technical Analysis MayThe4th 2021

By Mandrakata | On The Edge | 4 May 2021


Technical Analysis

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https://www.tradingview.com/x/F6aVXv1w/

We are charting Weekly using logarithmic scale to widening our point of view and to analyze where Ethereum could set its prices.
RSI momentum show an high level of overbought: the uptrend is strong and more and more buyers are stepping in.
Anyway divergences occurs, so we should see closely if price action moves more and more opposite to the RSI indicator.
Strong support around $2100, holding 50-MA levels.
Resistance in $3500-$3600 zone, of course for new targets.
I'm still Long, Holding.

Happy Star Wars Day! ❤ #MayThe4thBeWithYou

 

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.  I will never promote anything I don't truly believe in.


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Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


On The Edge
On The Edge

Trading outside your comfort zone. My technical analysis Ideas and Trading journal.

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