Created an index of the top 5 crypto currencies. The index shows a divergence between the RSI and price trend. I would never suggest shorting cryptos, but we may be in for a bumpy ride.
Note
***This chart indexes the market cap of the top 4 crypto currencies (not 5)
Note
Note
My crypto index formed flag that has broken to the downside. Should find resistance at the second Fibonacci level. Cautiously watching the market, still think this is a healthy crypto pullback after ETHs enormous rally.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.