Could ETH/BTC be making a reversal?
Updated
Some evidence:
Daily Bullish RSI Divergence.
ETH breaking through 12/26 EMA (yellow/purple). Just need a bullish crossover.
Some Resistance to look out for
R1 is by our 50 SMA (green)
R2 was support at one point with good volume also near 100 SMA (orange) and .236 Fib retracement.
R3 was a very significant support, also our PoC on our Volume Profile and near our .386 fib retracement.
Daily Bullish RSI Divergence.
ETH breaking through 12/26 EMA (yellow/purple). Just need a bullish crossover.
Some Resistance to look out for
R1 is by our 50 SMA (green)
R2 was support at one point with good volume also near 100 SMA (orange) and .236 Fib retracement.
R3 was a very significant support, also our PoC on our Volume Profile and near our .386 fib retracement.
Note
We've got some good Volume follow through after breaking out of R1!
Note
Here's another look at our resistances on our 1W for ETH/BTC.
Note
Still in a downtrend on our weekly chart unless we can break and remain above our 26 Weekly EMA (purple, R3 resistancce) .Note
ETH/BTC 1D downtrend channel
Note
RSI hitting oversold.
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