HORIZONTAL SUPPORT AND RISING TREND GIVES ETHUSD A BULLISH BIAS.
Price is tucked at the bottom of the rising trend channel here, and we have had a series of small candles in this zone. There is also a historical historical support here, which is a nice confluence factor.
Volume is settling down now, and the bearish divergence has probably played out now - however we do need to keep watch for a hidden bear is price recovers too quickly without volume support.
#crypto
Price is tucked at the bottom of the rising trend channel here, and we have had a series of small candles in this zone. There is also a historical historical support here, which is a nice confluence factor.
Volume is settling down now, and the bearish divergence has probably played out now - however we do need to keep watch for a hidden bear is price recovers too quickly without volume support.
#crypto
