Sept, 28 - CRYPTOCHARTING UPDATE: Bitcoin & Ethereum

BITCOIN

MEDIUM TERM
Daily chart

Trend is still positive and RSI is now growing, after being oversold during last correction. In past same situations, Bitcoin has always reached new highs.
Medium term target can be fixed on earlier high (5000$), but it coulbd be reached gradually.



SHORT TERM
1 hour chart

Trend is positive, but I expect a consolidation on this level (4200$) before try a breakout of nex resistance at 4300$.
No divergences on RSI, that is growing with prices.




ETHEREUM

MEDIUM TERM
Daily chart

Trend is positive and price could go up, considering the situation of RSI.



SHORT TERM
1 hour chart

It's important to monitor green trendline, that acts as dynamic support for prices.
Trend is positive but 315-320$ are short term resistances.



Comments are welcome!

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