ETH is rising in a channel, creating higher highs and higher lows. What do oscillators say? Lower highs and lower lows! This means that buyers are getting stronger and pushing for higher. To easily explain this, I'll just use RSI as an easy example. Remember that 70 is the overbought zone? If price increases but RSI decreases, what does that mean? That means there's more room for the price to rise. BTC is currently at an all-time high at the time I'm writing this, you think ETH wouldn't keep rising? Don't be a bear and drive trucks, be the bull riding the rocket.
Check out my previous analysis of ETH down below!
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
Check out my previous analysis of ETH down below!
Please give a thumbs up if you agree with the idea and if there are any questions, feel free to comment down below.
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