Ethereum Recovery Marked by Higher Low | Bullish Signals

Dec 20, 2022

The last two candles closed green/bullish for Ether (Ethereum's native token)... Let's have a look at some additional bullish signals.

The higher low was set yesterday, 19 Dec 16:00, with a Doji.
This Doji is a lower low compared to 14 Dec but with lower volume.
If prices move lower yet volume decrease this is a sign that the drop is coming to an end.

We have a higher low 19 Dec compared to 22 Nov.
We have an ascending channel.

ETHUSDT moved and closed above EMA10 and EMA21.

Prices bounced before reaching the 0.786 Fib. retracement level.
ETHUSDT is currently trading above the Fib. golden ratio of 0.618.

The RSI is back on the bullish side, above 50.

These are all bullish signals on the short-term.

This analysis is invalidated below 1134.

Thank you for reading.
Remember to boost 🚀

Namaste.