ParCrypto

Bullish Divergence And 50% Gain Potential

Long
KRAKEN:ETHUSD   Ethereum
ETH/USD is looking like a good potential buy right now, especially if price can break out of the falling wedge. The biggest thing i noticed from this chart was that there is a bullish divergence between price action and RSI. This is a great sign and i anticipate price to touch the upper resistance within the next two weeks. This would be about a 50% gain. I think ETH is due for a big spike. I am going to scale in but will be watching closely to make sure price does not break below that long term support line.

*This is not financial advice. I am not responsible for any losses of money.*

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.