ETHUSD - Losing traction against Bitcoin but still in channel
Looking at the Stoch RSI and Bollinger Bands it looks like ETH may be losing momentum. It's right on the signal line in the BB, and the Stoch is looking bearish and not yet oversold.
However, it is still within an overall upward channel and if it can stay in this channel the trend overall is positive. Let's see how it performs, right now capital is flooding into BTC.
However, it is still within an overall upward channel and if it can stay in this channel the trend overall is positive. Let's see how it performs, right now capital is flooding into BTC.
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Perfectly testing the channel as resistance now and unable to break back in. Lovely bit of TA
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Returned to the channel.