In our previous update, we have mentioned a possible ascending wedge that may have secured the psychological support at $400 USD; however, with Bitcoin confirming a change in trend with a clear bearish divergence, Ethereum is now following the footsteps of Bitcoin's price action:
Technicals:
1. Support is now turned to resistance, possibly.
2. RSI is creating higher lows and struggling due to Bitcoin.
3. A possible consolidation above $350 can create a possible HnS pattern (Head and Shoulders)
4. If played out, we can accumulate more ETH at sub $300
Trade Safe.
X Force
Technicals:
1. Support is now turned to resistance, possibly.
2. RSI is creating higher lows and struggling due to Bitcoin.
3. A possible consolidation above $350 can create a possible HnS pattern (Head and Shoulders)
4. If played out, we can accumulate more ETH at sub $300
Trade Safe.
X Force
🌎 Telegram | t.me/xforceglobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
Related publications
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.
🌎 Telegram | t.me/xforceglobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
📢 Twitter | twitter.com/XForceGlobal
🎥 YouTube | youtube.com/c/XForceGlobal
Related publications
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.