Hello everyone.
As we can see channel trend was broken sending ETHUSD higher. A bullish Divergence identified. Can be happy placing long in relief rally on basis of peaked inflation from the fed.
Let me know your opinions.
As we can see channel trend was broken sending ETHUSD higher. A bullish Divergence identified. Can be happy placing long in relief rally on basis of peaked inflation from the fed.
Let me know your opinions.
Comment:
Update: While the price of ETHUSD did retrace as expected here and should continue, major indacators are now flashing bearish meaning the retracement line could be broken. A freefall into $600-$700 level is possible in this scenario. Risk/reward less competitive now.