Lots of folks are talking like it's a bear market. To try and test this, I drew a line of resistance off of recent highs, starting with the ATH and then the next highest bounce up. Just now Ethereum is testing the weight of its Ichimoku cloud. Feels like we are poised at a decision point—look how closely it bounced off of that Resistance line at the 15 minute...
While looking for resistance levels on the Coinbase ETH-USD pair, I found a couple of trends that I will be watching. Maybe you should take a peek as well, because it feels like ETH is due for a correction following this long rally. In particular, the StochRSI on the 1H has me concerned, particularly when combined with the 1D look at this same chart. On the 1D we...