ETHUSD Will Fall! Sell!

[cryptoenthusiast]

Here is our detailed technical review for ETHUSD.

Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 2,930.60.

The above observations make me that the market will inevitably achieve 2,781.99 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

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[Capybara_Capybara]

RSI overbought not instant dump.

[The_Walking_Dead]

Range still intact for now.

[Revenant]

Break + close matters more than wicks.