ETH RSI DIVERGENCE

10 thg 1, 2022

The trend line of eth in weekly time frame is tested. Same is tested in rsi. But where as candlestick showed upside trend , rsi is showing downward trend makin 1st top (@ 80) when eth reached ath in April last year, and 2nd top (@68) in nov when it reached it ath. Showing this can be a RSI divergence for bearish run from now on. Other affecting news are regulations tightening in many countries and good news can be that many institutional investors has bought up btc in range of 40k - 45k therefore it is likely to be strong support