- Adx not showing any emerging trends just yet
- Daily timeframe shows a bearish RSI divergence from price
Will have to wait to see which structure prevails. Expect an explosive move once consolidation ends.
- Daily timeframe shows a bearish RSI divergence from price
Will have to wait to see which structure prevails. Expect an explosive move once consolidation ends.
Note
Update*ETH has finally broken out of the bullish ascending triangle accompanied by good volume and a building momentum on the adx. It's not too far to say it may be the start of the next run.
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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.