ETH/BTC US Snapshot :Trading Analysis

[bitman007]

There is also some inner-channel resistance at play - if #ETH can break through white dashed line, a move to upper channel resistance is possible

#ETH/BTC #ethereum US Snapshot

Outlook: Bearish

Price has entered a falling channel and is showing little signs of a turn around other than bullish RSI divergence - needs to break resistance for rally

The weekly chart identifies two possible supports:

1) 0.028691

2) 0.023843