ETHBTC - Bearish Signals Continue, w/short-term bullish tre

Тема в разделе "English", создана пользователем Trading Ideas, 25 сен 2020.

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    ETHBTC - Bearish Signals Continue, w/short-term bullish tre
    Ethereum / Bitcoin BITSTAMP:ETHBTC
    jamey5k
    XffOWI4P_mid.png
    On the 1H, a cup and handle seems to have formed. This may take us up to the 0.337 level or so. However, that is the upper boundary of what I believe may be a downward channel .

    The cup and handle is one small bullish signal in what I believe to be a bearish pattern overall.

    We can see the RSI drifting upward and MACD , yet, the price has not gone up substantially. If we drift into the "overbought" range, I suspect it will be under the 0.034 level, and then a high volume drop to the center of the downward channel (0.0308 range) will happen.

    As always, just my perspectives as a newbie.

    Comments appreciated.
     
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