Ethereum has failed to break through trend line A and is converging within the existing yellow uptrend channel.
Two downward divergences have occurred, indicating that the upward force is insufficient.
If Ethereum loses strength, it is likely to follow the red downward path, and if Ethereum gains strength, an orange upward scenario can be expected.
The RSI indicator at the bottom is my script "RSI Candle with advanced RSI fomula".
Two downward divergences have occurred, indicating that the upward force is insufficient.
If Ethereum loses strength, it is likely to follow the red downward path, and if Ethereum gains strength, an orange upward scenario can be expected.
The RSI indicator at the bottom is my script "RSI Candle with advanced RSI fomula".