As BTC isn't following the trend, ETH is back down again;
There is a downtrend as the channels are parallel and the RSI is also going on the downtrend, so i'd be cautious to look closely to watch for the rebound from the RSI.
Currently our closest line is the 50 day MA as we test if there's a bounce back.
Also there are a few resistance lines and previous trend line(green) that we may have to test if we go lower.
However, this looks like a bull flag and we may get the chance to test the trend again - and if this time BTC follows we may just be able to reach new highs.
So what do yall think?
There is a downtrend as the channels are parallel and the RSI is also going on the downtrend, so i'd be cautious to look closely to watch for the rebound from the RSI.
Currently our closest line is the 50 day MA as we test if there's a bounce back.
Also there are a few resistance lines and previous trend line(green) that we may have to test if we go lower.
However, this looks like a bull flag and we may get the chance to test the trend again - and if this time BTC follows we may just be able to reach new highs.
So what do yall think?