ETH/USD possible further upside for BITSTAMP:ETHUSD by JureKrasovic — TradingView


The price has been in a definite uptrend since 27.11. Price is currently consolidating at the support that was also acting as a resistance in the past. This is supported by the 0,786 Fibonacci retracement on a bigger frame, and by the 0,5 on a smaller frame. RSI is also not overbought, supporting the bullish prediction. The price is below both 9 and 14 period MA, indicating a lower price than expected by the moving averages. Expecting a bullish bounce off the support area .


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