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RE: Technical Analysis on Ethereum: IS ETHEREUM NEARING BOTTOM?
"Zooming in on the 1 week RSI, we can see a bullish looking falling wedge. If the RSI breaks above this wedge, it could indicate a shift in momentum towards the bulls."
I think you mean bearish where you said bullish?
I am always long-term bull on crypto!
No, I meant bullish. A falling wedge is a bullish pattern. Doesn't mean it has to break bull, but probability favors a break up, not down.
I'm generally longterm bull on crypto as well...but not on all coins. I believe we'll see a lot of failures in the next year, but also a lot of success.
Ah, my mistake. I figured reversal so bear to bull. I don't know much about trading as you can probably tell! :D
No problem. Thanks for stopping by.