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ETH/USD analysis: Failure swing could be a bullish sign

From fxstreet.com

There is a technical pattern on the 1-hour chart that could be bullish. Ethereum didnt lose as much in value as BTC in the latest sell off. Ethereum price chart ETH/USD has a failure swing on the RSI marked by the red lines on the chart. This is when the price makes a higher low but the indicate makes a lower low wave. During the sell off when BTC/USD dropped below 10k, ETH/USD managed to hold up well. There is also a massive support level to keep an eye on at 175.00. This also matches up with a low volume node on the volume profile on the left hand side. This can indicate support in some instances. The RSI has not ... (full story)

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  • Category: Technical Analysis