2018-7-20 21:30 |
Ethereum (ETH) is still in a strong downtrend. The price has failed even to get past the 50 EMA since June as can be seen in the chart for ETH/USD above. The EMA alignment is strongly bullish and the RSI signals more downside to come in the days ahead.
The RSI has just fallen below its EMA which means the price is likely to pullback sharply in the near future. Since the beginning of this correction, Ethereum (ETH) has completed two successful cycles of upwards and downwards movement within the wedge it is trading in.
Continue reading Ethereum (ETH) May Find A Bottom Next Month at Crypto Daily™.
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