ETH to diverge @ August 1st?
It seems that we still have not confirmed a bullish daily reversal candle stick.
RSI is a good indicator that we are still oversold, however this could carry on for a while.
It's my opinion that we will see continuation of a downward trend leading up to August 1st and the BIP implementation as well as activation of Segwit 2x. I'm going to go out on a limb and guess that the daily MACD will cross right on or around August first and this should go hand in hand with a full market reversal that could lead to new ATHs in the coming weeks.
Cheers!
RSI is a good indicator that we are still oversold, however this could carry on for a while.
It's my opinion that we will see continuation of a downward trend leading up to August 1st and the BIP implementation as well as activation of Segwit 2x. I'm going to go out on a limb and guess that the daily MACD will cross right on or around August first and this should go hand in hand with a full market reversal that could lead to new ATHs in the coming weeks.
Cheers!
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