ETH Bullish Divergence

١٢ يوليو ٢٠١٨

It is very clear on any time frame from the 1H to the 4H, that bullish divergence seems to be forming. We are seeing the price slope downwards, while the RSI is making higher lows and sloping upwards. I am long here, expecting a bounce to occur at some point. This bullish divergence has been forming for a while, and I expect the price to follow suit soon.

Additionally, on the 4H, the volume has been decreasing, hopefully leading to some breakout volume that will give us a nice bounce.

Good luck,

Vik