Every time price hits the top of this channel ETH has corrected. Will history repeat itself?
Bearish scenario: Negative divergence on the 4hr RSI and wide divergence on the daily. Inverted hammer on the 4hr. If the next candle close is a lower high, then a reversal is confirmed.
Alternative is a new divergent high to tag the top and then a correction.
Bullish: price seems to be building a bull flag with consolidation. A break and close above the channel with a retest from above will break the channel.
If it does correct there is support at the bottom of the channel.
Could be a nice swing trade if playing the channel works out. >20% in each direction
Bearish scenario: Negative divergence on the 4hr RSI and wide divergence on the daily. Inverted hammer on the 4hr. If the next candle close is a lower high, then a reversal is confirmed.
Alternative is a new divergent high to tag the top and then a correction.
Bullish: price seems to be building a bull flag with consolidation. A break and close above the channel with a retest from above will break the channel.
If it does correct there is support at the bottom of the channel.
Could be a nice swing trade if playing the channel works out. >20% in each direction
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.