So as you can see, every time the Stoch RSI has reached the 100 oversold point on the daily, ETH swiftly began a declination. Although ETH did not reach the 100 it still was rejected on the 80, a key technical point, the oversold line, so I still firmly believe that this could lead to a breakdown from where it has lied for the past week or so. Also, instead of creating a rising wedge, like the other few times, it is currently flagging. I think this is just a product of BTC intervention, forcing majority of cryptos, including ETH, down with it.
*I am not a financial advisor. This is not investment advice. Do what you want with this information.
*I am not a financial advisor. This is not investment advice. Do what you want with this information.
Over the course of the past few days, eth had formed the same poster as the past, a step incline followed by a maxed out stoch rsi. From this point on, one can assume a step, rapid decline over the next few days