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OmiFX8
Aug 16, 2020 8:30 AM

ETH/USD: Major breakout on weekly, bear divergence on daily 

COINBASE:ETHUSD1D
Ether / United States DollarCoinbase

Description

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Weekly chart shows a double bottom breakout.

Former resistance of $364 is now key support.

The broader trend looks bullish, but further gains could remain elusive for sometime as the daily chart shows a bearish divergence of the relative strength index.
Trend AnalysisChart PatternsTechnical IndicatorsetherEthereum (Cryptocurrency)pricesmarketsBearish Patternsbearishdivergence
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