Technical analysis Ethereum. ETH-USD on May 21, 2018
May 25, 2018
ETH
On 1 day timeframe, Stoch RSI is just starting to push from the oversold area, it’s bullish on 12-hours timeframe. The middle timeframes show the possibility to oscillate near this level, however MACD is becoming bullish and starting to cross on 12-hours timeframe, showing the opportunity to grow. The market is preparing for the formation of the impulsive wave up, the strong resistance is on the upper edge of one day Ichi cloud, we can get the impulse, which will push the market to the 840-890 levels.