Hello Traders,
I want to share this analysis of ETH/USD. As you can see, we started to form a bearish divergence on the hourhly timeframe. I expect a little pull back here back down to the previous support lvls of around 530$. The RSI starts to shift momentum to the downside and we might see a rapid slide down once we loose the support on the 21 EMA trend line.
Since we are still in a makro bullish trend, this potential drop would be a buying opportunity.
I wish you nice profits and have fun :)
Cheers,
TecInvestors
I want to share this analysis of ETH/USD. As you can see, we started to form a bearish divergence on the hourhly timeframe. I expect a little pull back here back down to the previous support lvls of around 530$. The RSI starts to shift momentum to the downside and we might see a rapid slide down once we loose the support on the 21 EMA trend line.
Since we are still in a makro bullish trend, this potential drop would be a buying opportunity.
I wish you nice profits and have fun :)
Cheers,
TecInvestors