ETH is into a big triangle and now is sitting near the support is into accumulation phase.
RSI is oversolded below 30 at 1 week
Stoch also is oversolded
MACD bearish divergence but soon will hit the bottom and after they turning up
In my opinion after this accumulation phase ETH will going up until 0.0535 which is the triangle resistence they can make a double top and after are going down to test triangle support and after will breakout this triangle,will retest the past resistence line of triangle which now will become support and after will fly.
In december ETH can increase becouse:
1) Bullish market sentiment due BTC -0.34% main ETF
2)ETH is too oversolded
3) Ethereum -0.88% 2.0 Casper upgrade late of 2019
4)Institution money will come into crypto
RSI is oversolded below 30 at 1 week
Stoch also is oversolded
MACD bearish divergence but soon will hit the bottom and after they turning up
In my opinion after this accumulation phase ETH will going up until 0.0535 which is the triangle resistence they can make a double top and after are going down to test triangle support and after will breakout this triangle,will retest the past resistence line of triangle which now will become support and after will fly.
In december ETH can increase becouse:
1) Bullish market sentiment due BTC -0.34% main ETF
2)ETH is too oversolded
3) Ethereum -0.88% 2.0 Casper upgrade late of 2019
4)Institution money will come into crypto