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Sidders
Jan 31, 2021 9:37 PM

ETH, bearish divergence on the daily? Short

Ether / EuroCoinbase

Description

Looking for validation of this idea, people seem to be very bullish here around ATH, but getting a different vibe here..
Comments
lbrina
Check other's people analysis; most of us are betting for a flat top triangle (bullish), which can be easily identified with a 2h timeframe. RSI can be tricky when prices aren't trending, as in this case. Also, you can consider this: RSI is around 55 while price is near its ATH, so technically there's a lot of room for a new rise in prices.
Sidders
@lbrina, Yeah very true, think the ascending triangle idea is currently more in play then my scenario. Thanks for the additional info, good thing to consider :)
lbrina
@Sidders, though you might be right about whether an ascending rectangle, or an ascending wedge in the long run. We'll see in some weeks I guess, now let's enjoy watching the rocket!
TheSignalyst
Thanks for sharing mate. Well defined analysis
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