CryptoScripts

ETH 3D Bullish Divergence!

BINANCE:ETHUSDT   Ethereum / TetherUS
Looking at the 3D chart for ETH, we can see a few bullish patterns forming (both candlestick and technical). If you look at the Stoch RSI, you can see it's forming a bullish divergence with the ETH price action AND is starting to cross to the upside. This, along with the RSI being oversold (yellow shaded area on the RSVP Extractor) and the previous green "Hammer" candlestick pattern (bullish reversal pattern) give me a thought that we MAY be getting some temporary relief.

Plotting our support and resistance lines, the next major resistance would be 1400 on the 3D which is why I have that as my next price target for ETH before potentially reversing. If we don't get a bounce from here, I'm afraid we may be retesting 1030 as micro support and 880 as the major support for a possible double bottom pattern.

If you have any questions about my TA or indicators used, please leave a comment below or send me a DM :)

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