ETH Bearish Divergence leading into shanghai fork.
Eth is setting new highs on lower RSI. This is creating the bearish divergences. The stochastic is high so ready for a fall in price. Volume is low on the new highs as well demonstrating more weakness.
Fundamentals. When the shanghai fork goes live on 12 April ETH 2.0 stakers will be able to sell for the first time in years. Its gonna be a blood bath.
STO - Very high and due for a fall.
Volume - Low on the new highs.
RSI - Weaker with each new high.
Target 1 = 1400
Stop Loss = 1850
Price = 1760.
Eth is setting new highs on lower RSI. This is creating the bearish divergences. The stochastic is high so ready for a fall in price. Volume is low on the new highs as well demonstrating more weakness.
Fundamentals. When the shanghai fork goes live on 12 April ETH 2.0 stakers will be able to sell for the first time in years. Its gonna be a blood bath.
STO - Very high and due for a fall.
Volume - Low on the new highs.
RSI - Weaker with each new high.
Target 1 = 1400
Stop Loss = 1850
Price = 1760.
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