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otis_bagshots
Jul 27, 2020 4:14 AM

ETH/USD bearish RSI divergence: signalling possible correction? 

Ether / United States DollarCoinbase

Description

We can expect a pullback in the price of ETH/USD after its 30% rally over the span of just 5 days. The bearish rsi divergence displayed on the 1h chart suggests that this correction might occur soon. Also note the decreasing volume at each new swing high and the close proximity of the current price to its line of rising resistance.
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