The situation with Ethereum a little different than with other altcoins, this giant won't show you the fast recovery from the oversold territory, but slowly and sure will heating up before finally to put an end to the very long downtrend. At the card we have the strong support level @0.03 where we can start to build the long position to make huge profit in the long run.
TF: 1-Week
The MACD: The downtrend seems to be dying down, that's why we must to see the bullish crossover within a month or two and that leading the price to new highs.
The RSI = 30. Oversold territory.
The EMA lines: the 7EMA resistance line @0.039; the 30EMA and 100EMA resistance lines ~ @0.055
ENTER:0.03-0.033
PT:0.06-0.07
GL Traders.
TF: 1-Week
The MACD: The downtrend seems to be dying down, that's why we must to see the bullish crossover within a month or two and that leading the price to new highs.
The RSI = 30. Oversold territory.
The EMA lines: the 7EMA resistance line @0.039; the 30EMA and 100EMA resistance lines ~ @0.055
ENTER:0.03-0.033
PT:0.06-0.07
GL Traders.