ETH: Bearish – BAT Detected + ROC Divergence
The Wolf of Zurich detected a bearish “BAT” on Ethereum
We could therefore go up to around 3 270 3560
Then go back down to point C around the polarity zone of 1800-2035
The 50 and 200 exponential moving averages are still potential targets
In addition you will notice a divergence in the ROC between the price which is rising and the ROC which is flat
The ROC (Rate of change) gives you the speed of the asset's momentum.
Stay safe