Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT _____
Technical Analysis
Majority of the time frames favors the bulls with only one-time frame bearish 1HR.
Elliot Wave Forecast First of all, the month of November 2020 closed in a very big bullish engulfing candle with a 59% gain for one month. There is a high likelihood of making extreme gain on December 2020. I think resistance is just temporary barrier for the price to moved up. There is a high probability that ETH has bottomed and seeking higher price.
1W Bullish Convergence
1D Bullish Divergence and Convergence
4HR Likely to have a pullback before going up
1HR Bearish Divergence ________ Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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