Technical CRYPTO Analyst

Here #ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, has been producing lower bearish volume since last month.

The RSI produced a lower low while produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.

The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.

Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come.

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www.tgoop.com/TechCryptoAnalyst/13127

27.9K viewsAug 1 at 12:00

Here #ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, has been producing lower bearish volume since last month.

The RSI produced a lower low while produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.

The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.

Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come.

BY Technical CRYPTO Analyst