Ethereum| bearish divergence on the chart!
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Today, ETH once again confirmed the ascending channel from the top, which is currently the local resistance zone of $1905-1914. The ascending channel pattern, as often happens, is working towards a correction. Our first support zone is the $1816 0.618 Fibonacci zone. Where can we expect a buyer’s reaction up to $2,000
Plus, we have a bearish divergence on the RSI indicator, which can also signal an imminent correction. If you hold Long positions, then I advise you to tighten your stops to breakeven.
Today, ETH once again confirmed the ascending channel from the top, which is currently the local resistance zone of $1905-1914. The ascending channel pattern, as often happens, is working towards a correction. Our first support zone is the $1816 0.618 Fibonacci zone. Where can we expect a buyer’s reaction up to $2,000
Plus, we have a bearish divergence on the RSI indicator, which can also signal an imminent correction. If you hold Long positions, then I advise you to tighten your stops to breakeven.
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