TheChartGuys

ETH Hourly Oversold Bounce

COINBASE:ETHUSD   以太坊/美元
Direct correlation with BTC             hourly oversold bounce this morning as we continue to bounce in the $290 to low $300s range for the last few days.
We still have clear hourly lower highs of resistance, and the 15 min RSI is currently telling us a temporary top is about to be hit.
Look for a higher low on the hourly during this consolidation to form after the magnitude of the bounce.
There still appears to be selling pressure keeping the price pinned to $300, and we will see a clear break of the weekly equilibrium pattern before end of year.
I personally am playing BTC             and LTC until ETH breaks $310 and has clear bull momentum breaking this range.
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