The RSI pattern on ETH/BTC looks rather bearish. Not only did the RSI top in May2021, but it has been in a declining pattern since, and has recently retested a long-term support line starting from Sep2019, which was recently broken in Jan2022
If ETH should fall below .05BTC (Red-outlined circle), it may experience a relentless sell-off.
If ETH should fall below .05BTC (Red-outlined circle), it may experience a relentless sell-off.
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.
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.