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ScotianBot

Classic Bearish Divergence on Ethereum?

Ethereum / U.S. Dollar (COINBASE:ETHUSD)  
ScotianBot  
COINBASE:ETHUSD   Ethereum / U.S. Dollar
Trend Analysis Chart Patterns Support and Resistance ETH Ethereum (Cryptocurrency) ETHUSD bearishdivergence Ascending Channel Cryptocurrency cryptotrading cryptocurrencies ascendingpricechannel
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trendanalysis chartpattern supportandresistance eth ethereum ethusd bearishdivergence ascendingchannel cryptocurrency cryptotrading cryptocurrencies ascendingpricechannel
Wow, do I need to say anything else?

The bullish price action in Ethereum is warranted given the Macro environment, but if you remove emotion from the chart there is clearly a bearish divergence noticeable on this log scale chart.

There's merit for an Ascending Channel which is outlined in GREEN, time will tell.

Related Ideas

ScotianBot
Is Ethereum trading in a Descending Channel.

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