PRINCIPIATRADING

PRINCIPIATRADING

A little early but it appears that the symmetrical triangle and the 366-3705 support is holding for now. If the hidden bullish divergence holds, could be back up to 395 soon. This 360-400 range could be held for a while like the 215-250 range earlier this year.

PRINCIPIATRADING

Current structure is very similar to the run from 315 to 415. Bullish triangle with $400 resistance is getting met with higher lows inside the larger wedge with high at $415, but the downtrend on the wedge is broken. Once $400 gets broken, the flood gates will open up. $ETH $ETHBTC

PRINCIPIATRADING Updated 

Price dropped to $66 yet RSI rose higher. Bullish falling wedge. Looking for mid 90s soon, then 120ish, then re-assess and possible move to 150ish.

PRINCIPIATRADING

Hi All, There is a bullish RSI divergence on the daily chart for ETHE meaning that the price of ETHE dropped lower while RSI moved up. Additionally, it appears that the sharp selling volume is declining. Looking back at the correction in March, the low was set after a similar RSI Bullish Divergence and a spike in volume that was less that the spike on the...