By Christopher Romano — Oct 29 - 09:35 AM
Ether fell towards the rising 50-DMA, hit 2514.20 when buyers emerged
The rally extended above the 10-DMA, a 6-session high of 2636.90 traded
Daily RSI is rising and monthly RSI is now rising slightly
Ether's hold above up trend line off September's low reinforces bull signs
October 21 daily high at 2768.00 is now an impediment for longs
Break of that high brings key 2815/30 resistance zone into focus
Series of daily and monthly highs & lows sit within that zone
A break of that resistance may trigger stop loss buying
Ether longs may then turn their attention to the 3200/3250 zone
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary