ETHUSD just charming...
Quick TA on ETHUSD
We see ETH price action testing the lower bounds of the upward channel
Looking like it is priming for a parabolic advance, so hold on to your seats all you bulls.
HOWEVER, watch out for a breakdown from the upward channel, with the lower bound at the 200-240 range. Bearish divergence on the RSI is forming, signalling bearish impulse and potential of a reversal.
- Watch for critical levels at 200-240
- Watch for retest of the 350 range
- Watch for sudden surge in volume
Happy trading y'all :)
We see ETH price action testing the lower bounds of the upward channel
Looking like it is priming for a parabolic advance, so hold on to your seats all you bulls.
HOWEVER, watch out for a breakdown from the upward channel, with the lower bound at the 200-240 range. Bearish divergence on the RSI is forming, signalling bearish impulse and potential of a reversal.
- Watch for critical levels at 200-240
- Watch for retest of the 350 range
- Watch for sudden surge in volume
Happy trading y'all :)
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