Technical analysis by Gaengphed about Symbol ETH on 8/11/2020

Hi all,I would like to provide my idea for ETH-USD.It seems like it is in a consolidation zone for some time. On very short term things don't look super bullish. That is as far as I can tell from these indicators (provided by Wickoffmode)I think we might see a small drop, but on this 2 Day time frame (as well as 3 Day and the Weekly) I believe we will see the end of this consolidation in about 2.5 or 3 days from now.On this chart we can see that the gray energy zone is getting exhausted and is about to turn up. The green line looks also ready to go back north bringing in some new fresh upward pressure and it could cross the red RSI again too. To me bullish signs to keep holding ETH. The Weekly chart even shows upwards pressure for a longer period of time. Perhaps until end of August. 503 Dollars is not to far off I think, maybe it is even on the concervative side.Good look Holders & Buyers!