ETH | Bullish or bearish?
ETH still failed to hold Fib 0.236 and the support of the ascending trend line. Dropped to around $1450. This price is somewhat lacking support and will be adjusted soon.
On the upside: the RSI did not react strongly to the price drop, and even formed a bullish divergence.
Bearish view: The price is somewhat unsupported and may continue to fall to the August low ($1422).
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On the upside: the RSI did not react strongly to the price drop, and even formed a bullish divergence.
Bearish view: The price is somewhat unsupported and may continue to fall to the August low ($1422).
If you like and support our analysis, please give us a like and leave your comment. 😘
Good luck~☘
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.