eldiplo

ETH 1D timeframe bearish if the RSI dont HODL the 50 level zone.

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
This is a really complete analysis of the market structure, im covering the FIB retracements zones, trend lines, volume profile activity and oscilator indicators. The RSI show a bearish divergence on the daily, it plays exactly as the past correction. Im aware if the 50 level zone of the RSI HOLD i(could happen) because the histogram of the MACD can flip to the upside, but if not the last time this happen the trendline was tested again when the stochastic was oversold for the last time in that part of the cylce (look at the chart). In case of a posible H&S is forming i cover it also for a more fast correction, this would be my ideal scenario for start the consolidation phase after.

If you have comments that you can add to the analisis would be nice!

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