A nice rally yesterday. But still trading within a large bear flag below the weekly 200 EMA which has been tested and confirmed already as resistance.
Daily RSI getting overbought and no higher high, yet.
ETH rallied as well but daily RSI on both ETH/BTC and ETH/USD in overbought territory with only a lower high printed so far on both charts.
Summary, Bear market still in effect.
Daily RSI getting overbought and no higher high, yet.
ETH rallied as well but daily RSI on both ETH/BTC and ETH/USD in overbought territory with only a lower high printed so far on both charts.
Summary, Bear market still in effect.
Note
Bearish engulfing candle on the Daily.Note
right after testing the top of the triangle. A fall back down to $3500 seems likely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.