Summary
The MACD line is above the signal line, which is a bullish sign. The 12 day EMA is above the 26 day EMA, which is a bullish sign. Resistance 1: 185, Resistance 2: 186, Resistance 3: 188, Support 1: 183, Support 2: 182, Support 3: 180.
Pivots
Ethereum has slumped below yesterday’s pivot of 184. If bears continue to sell off, we could see prices slump as low as 180.
MACD
As a bullish sign, the MACD went above the signal line. Positive momentum to the upside is expected.
The Moving Average Convergence Divergence (MACD) helps to identify turning points in the market. The signals given by the MACD (or any oscillator) should be confirmed by other factors before expecting a reversal or continuation of the trend.
RSI
RSI is heading north at 52.7. If momentum continues, we could see it flirt with overbought levels at readings of 70 or higher.
The RSI is a popular momentum oscillator that moves between 0 and 100. The RSI can help predict bullish and bearish reversals when it exceeds levels 70 and below 30.
ATR
A separate indicator is the Average True Range (ATR) which is used for measuring volatility. The ATR measures the degree of enthusiasm for buyers and sellers. Strong price movements can be verified through the ATR, while weaker movements will come with smaller readings.
Prediction
Tomorrow’s high and low can be calculated using the current period’s high and low. A high of 185 is expected tomorrow along with a low of 183.
