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.
Nota
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:
Nota
On the edge of my seat, will it go back up:Nota
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.