Etoro daily RSI divergence

Etoro has had a pretty lackluster IPO launch so far, with price now trading under it's initial listing value.

The RSI divergence on the daily hints that bullish strength is beginning to build under the asset, with the current price ~$42 serving as the local bottom.

This platform is expected to reap some benefit from the lower interest rates (according to Mizuho) which I tend to agree with, but it has strong competition from the likes of Robinhood and Coinbase to contend with.

I'll be keeping an eye on this to see if it breaks over the course of the next few weeks.

DYOR, NFA, blablabla