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Saturday, December 10, 2022

ETHUSD ❕ downtrend line

ETHUSD ❕ downtrend line

Ethereum / U.S. dollar BITSTAMP:ETHUSD

Trading volumes declined as did volatility .
After the rise, the price formed a bearish takeover on the peak and the RSI chart broke down the moving average when the price broke down the 200EMA (4H TF)
The 1H Timeframe shows that price is currently working off the bearish divergence formed by price and the RSI chart.
TD Sequential has formed a reversal signal upwards (1H TF)
I expect that from the current values ETH can grow, but after fixing in the liquidity area, the asset will continue to decline.

from TradingView Ideas

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