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.
註釋
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:
註釋
On the edge of my seat, will it go back up:註釋
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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