dsgorthy

Ethereum (ETH) Oversold. Are We Headed Back Up?

Long
dsgorthy Updated   
CEXIO:ETHBTC   None
Taking a look at ETHBTC , it's looking oversold on the RSI and looks like it's reaching the bottom of the short-term chart. From the looks of it, ETHBTC is going up! Let's look for some serious volume for a quick reversal.

I'd like to hear your thoughts on ETHBTC ! Is it oversold or will it continue to drop? Please comment below, as the more input we see, the more informed we are!

*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Comment:
Quick update. We're slightly up since I posted this idea, I think ETH is still making up its mind. I'm seeing the MACD converge back to 0 in the short-term, looks like we're consolidating in preparation for the next move!
Comment:
We're still dropping. I'm going to publish a new idea establishing a downward trend of ETH.
Comment:
A bit more detail here:
Closing out this analysis.
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