Ethereum ETHBTC - Signs of reversal / Bullish Divergence
A few ideas about ETH.
There's a bullish divergence on the Stochastic RSI
Sort of hit a double bottom, but it's a little bit of a weak theory since the first bottom was just a momentary spike down.
Potential Inverse Head & Shoulders. On shorter timeframes you can see an Elliott Wave on its way to it's third peak - I can see that peak making a neckline for the Inv H&S if it plays out that way.
There's a bullish divergence on the Stochastic RSI
Sort of hit a double bottom, but it's a little bit of a weak theory since the first bottom was just a momentary spike down.
Potential Inverse Head & Shoulders. On shorter timeframes you can see an Elliott Wave on its way to it's third peak - I can see that peak making a neckline for the Inv H&S if it plays out that way.
Note
The Elliott Wave idea didn't quite play out, however I'm still seeing signs of reversal and it's still looking like a rounding bottom.There's now a Hidden Bullish Divergence as well:
Note
On the edge of my seat, will it go back up:Note
ETH holding up amazingly well considering what everything else is doing. Still basically staying between the neck and shoulder lines. Could change with a big bitcoin move though so everything is pretty risky right now.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.