ETH Bearish Divergence formed.
Hello everybody!
Certainly some exciting things going on in the market right now and people are losing their shit over if they should enter back into the market or if the bears still have things pinned down. I'm currently on the sidelines looking for the next coin to launch off. Now Eth has been making some great gains as of late but I think we are a bit overstreched. A bearish divergence has formed with the RSI trends going down while the price has been going up. Be careful when these form! It's almost always leads to a correction so this is not a great entry point at the moment. This same pattern has formed on NEO which I've posted about in my last report.
As always happy trading!!
-Farmer Tim
Certainly some exciting things going on in the market right now and people are losing their shit over if they should enter back into the market or if the bears still have things pinned down. I'm currently on the sidelines looking for the next coin to launch off. Now Eth has been making some great gains as of late but I think we are a bit overstreched. A bearish divergence has formed with the RSI trends going down while the price has been going up. Be careful when these form! It's almost always leads to a correction so this is not a great entry point at the moment. This same pattern has formed on NEO which I've posted about in my last report.
As always happy trading!!
-Farmer Tim
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