ETH is marching through its bull channel showing great support at the 30EMA and holding its ground in the resistance zone. It appears the bounce off of support has lost momentum. With Bitcoin also stalling at Weekly Support, it leaves some questions open.
How do we trade this?
We should be long in a bull trend until we have reason to doubt the trend will...
Ethereum is comfortably above its bear run low of around $850, but are we going to new all-time highs in the short term?
I doubt it .
Reviewing the lifetime charts for Ethereum and Bitcoin, they both made contact with their lifetime support before hitting new all-time highs. As we can see on this chart, Lifetime Support is at $700, we're a good distance from...
Divergence on the RSI indicator. The histogram changed its cycle to bullish, we left the oversold zone, and the volume indicator shows the pressure of buyers.
There is a possibility of a squeeze with the update of the loy and the same rapid upward price movement.
Not financial advice.
#Ethereum Bearish Rising Wedge: One Day Time Frame Said it All Market Seems to Bearish After this. Finger Cross Funds Reserved. Hope to See ETH Below $1200 Soon.
