ETHUSD - 1D Chart Analysis

٥ نوفمبر ٢٠١٨

After after the price has reached yesterday a 10.10% growth it failed to break the resistance level of 218$ and it bounced back, finishing the day with 6.06% higher than it started.

Looking to the upper standard deviation of Bollinger which has been crossed by the price, we can consider normal to have a slight decrease for now, as a "correction".

But on the medium term, with the RSI close to it's neutrality and with the Stochastic and the MACD which didn't register any crossover yet, we can consider that there is still more room for the price to improve.

Overall, if this scenario gets caught up, we might see a negative evolution for today followed by an attempt to test again the resistance level of 218$ in the following days