Ethereum / BitcoinUpdated Confronting uncomfortable resistances
The price keeps being rejected on the 4 hour 20 MA / 21 EMA and on the RSI 50. On the other hand, we have been holding on an important resistance and a bullish divergence has formed.
The blue horizontal channel represents a ~3 year resistance which flipped to support. For the time being, and as long as we keep above/inside this − and we have for some time now − the long scenario is alive.
So, it's just chopping for now... so we wait.
PS. Never forget that BTC is king and can kick this down pretty easily.
The blue horizontal channel represents a ~3 year resistance which flipped to support. For the time being, and as long as we keep above/inside this − and we have for some time now − the long scenario is alive.
So, it's just chopping for now... so we wait.
PS. Never forget that BTC is king and can kick this down pretty easily.
Note
Et voilà!Note
Back inside the descending channel, inside the horizontal channel, and above the 4 hour 20 MA / 21 EMA.Chop-chop! People are getting anxious here :)
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