Low volume price pumping is causing price to move opposite of RSI and volume, creating a bearish divergence. This, combined with the rising wedge pattern, will likely result in a retest of the support at $50.
Doesn't look like it. The last bear divergence when 130,000 GDAX Volume shot up 5 bucks in 3 hours.
tl93
⋅
@CryptoFortune, Doesn't look like what, bearish divergence? Rising price while RSI and volume fall is textbook bearish divergence. Or did you mean it doesn't look like it will retest $50?
jbotos
⋅
@CryptoFortune, Nope, these guys are hungry! I think we need to let go of the downtrend mentality.