Ethereum Approaches Critical Channel Resistance: Analyzing Potential Breakout and Divergence Signals
The post Ethereum Approaches Critical Channel Resistance: Analyzing Potential Breakout and Divergence Signals appeared on BitcoinEthereumNews.com. Ethereum is currently testing its upper channel resistance, with mixed momentum signals indicating a potential breakout or rejection. The RSI is at 70.64 and indicates that the security is overbought with the formation of a possible bearish divergence as prices are being pushed towards the resistance on the higher end. Stochastic RSI has made a bullish cross recently, so there is currently short-term upwards force which may persist in case of a strong breakout. ‘, ‘
The post Ethereum Approaches Critical Channel Resistance: Analyzing Potential Breakout and Divergence Signals appeared on BitcoinEthereumNews.com.
Ethereum is currently testing its upper channel resistance, with mixed momentum signals indicating a potential breakout or rejection. The RSI is at 70.64 and indicates that the security is overbought with the formation of a possible bearish divergence as prices are being pushed towards the resistance on the higher end. Stochastic RSI has made a bullish cross recently, so there is currently short-term upwards force which may persist in case of a strong breakout. ‘, ‘
What's Your Reaction?
