ETH Nearing Overbought

22 сент. 2018 г.

As you can see between the two red trendlines. ETH/USD has been on a downtrend for a while just like BTC. I think we will either see a downward move as the RSI is reaching levels historically signaled selling as well as reaching closer towards that resistance upper trend line. We also can use that 21 MA as resistance. Could go up in the near short term 1-2 days to the 250's to 260's. If so that is a sell signal. If not we are going lower from where we are at currently.

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Thanks,
Chris