Hey guys,
So just a follow up on yesterdays "Ethereum H&S and the current mini falling wedge" post (link below). Here is the summary:
1: It appears that ETH is travelling along the bottom black line (i.e. the rising line of the falling wedge).
2: Due to point 1 I've drawn a thinner black line (the falling line) next to the original thicker black line as it could be that the falling wedge has been extended and is yet to break out.
3: I've added RSI (Relative Strength Index) at the bottom. As can be seen the index is neither over bought (if over 70) or over sold (under 30). At the moment its actually just above 40 and so I'd say its heading towards the over sold side more than bought, which in my opinion is a better thing.
Thanks for reading. Hope you've enjoyed it. As per usual this IS NOT trading advice. Please do your own research before investing.
