Cpez11

ETH back on a bull

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
I'm seeing a few signals that show Eth will finish a small correction and continue on its path up.
First, the bearish trend is weakening (notice the divergence in Price action compared to the RSI -lower lows vs higher lows)
Next,the bottom of the ichi cloud is aligned with a strong support which will give it a nice spot to bounce off of.
Finally, if the bounce happens, it'll create an inverse h&s which will confirm the reversal.


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.