$ETH
QUICK TECHNICAL ANALYSIS UPDATE $ETH (11/21/2024).
The overview shows that the buying power of ETH investors has started to participate quite strongly and is confirmed by the analysis indicators below.
M Frame: Increase RSI 58.9
W Frame: Increase-RSI 58.8
D Frame: Increase -RSI 66.1
12H Frame: Increase-RSI 74.92 - Strong buying power confirmed, still maintaining an upward wave structure.
8H Frame: Increase-RSI 82. Strong buying power, just buy and wait to buy more. Still maintaining an upward wave structure.
4H Frame: Increase-RSI 68.7. The wave structure is still holding well above Fibo 0.236
2H Frame: Increase-RSI surpassing 70. Currently 76.6 Buying signals and waiting to buy.
1H Frame: Increase-RSI 81.39
15-minute Frame: Slight adjustment, but RSI remains above 70.
Conclusion: ETH has confirmed a long-term upward wave after the adjustment. The wave structure is still holding well, and the time frames are in agreement for an INCREASE.
The ETH range is aiming to break the declining trendline resistance at $3,450.
and like the previous BTC wave, there will be very strong upward force aiming to break the previous ATH of $4,800. In trading, it's important to know how to handle and observe the wave structure and always set SL.
If you find the quick analysis above useful and for reference, or if you have any other opinions, please share!
Last updated: Nov 21, 2024
@Bitcoinboy-8686
(Personal analysis and sharing information, not financial advice).