Jicka

Crypto Basket all testing lower bollinger bands

BITSTAMP:BTCUSD   Bitcoin
BTC
ETH
XRP
LTC
EOS


check the daily and all are testing their lower bollinger bands. For all of them there is very minor RSI bullish divergence too, just not super clear - it might not be there quite yet.

Does this signal a trend reversal? I'm not sure, you would think so, but with RSI divergence it can often appear to be ready but still grind lower with even more pronounced divergence as it plunges lower.

I don't trade crypto anymore but this would still be no trade for me yet, the setup looks compelling but it feels like patience might be required. But all being in the red and in similar setups it does feel like universal pessimism.

ETH


XRP


LTC


EOS - with nice RSI bullish divergence

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