After a strong leg higher, Ethereum is flashing a confluence of short-term reversal signals:
1. RSI trendline break on the daily, with bearish divergence building
2. %B Bollinger Band divergence, following three consecutive upper band taps during this move
3. Demark 9
4. Formation of a Doji candle at resistance, showing indecision near a key level
A clean break here opens room towards Ichimoku cloud support at $3,215.
🧠Thoughts welcome!
1. RSI trendline break on the daily, with bearish divergence building
2. %B Bollinger Band divergence, following three consecutive upper band taps during this move
3. Demark 9
4. Formation of a Doji candle at resistance, showing indecision near a key level
A clean break here opens room towards Ichimoku cloud support at $3,215.
🧠Thoughts welcome!
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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.