ETH on the Daily
- The Falling Wedge we broke out of is an obvious support around $3100 range.
- BUT it's not unusual to see support around the
.236 Fib under the right conditions, and that
happens to be right around the POC support
on the VPVR, around $3230
- keeping an eye on the Daily volume would be prudent
- Bearish DIV on the RSI
- BUT the RSI is NOT in overbought range
- ALSO, the MCB bottom wave is still rounding up
- MFI pointing up
In spite of the Bearish Divergence, there are some bullish supports for the incoming retrace and bullish confluences in sight...
- The Falling Wedge we broke out of is an obvious support around $3100 range.
- BUT it's not unusual to see support around the
.236 Fib under the right conditions, and that
happens to be right around the POC support
on the VPVR, around $3230
- keeping an eye on the Daily volume would be prudent
- Bearish DIV on the RSI
- BUT the RSI is NOT in overbought range
- ALSO, the MCB bottom wave is still rounding up
- MFI pointing up
In spite of the Bearish Divergence, there are some bullish supports for the incoming retrace and bullish confluences in sight...