Ethereum $ETH Technical Analysis 10 May 2021

By Mandrakata | On The Edge | 10 May 2021


Technical Analysis

f77a9c73cf622944a1ed11e0e4884cafd78cfbbc2986a50577661f79be9f4b4d.png

https://www.tradingview.com/x/zAAv7d4A/

As Ethereum continue it’s uptrend rally since second half of february, new divergences occurs: price action moves opposite to the RSI indicator. That's a clearly sign of loss of momentum.
Support in $2100-$1650 area.
Resistance over $5000-$5200 of course for new targets.
I'm still Long, Holding.

Please note: We are charting Weekly using logarithmic scale to widening our point of view.

 

Rumors?! 🚀

 

⚠️ Disclosure ⚠️ I wrote this article myself, and it expresses my own opinions.  Above ideas is for educational purpose only, it is not intended to be investment advice.
Some of reported links are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you.  I will never promote anything I don't truly believe in.


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Mandrakata
Mandrakata

Risk taker. Creativity solves everything. I practice what I post.


On The Edge
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