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Oct 22 - 01:55 PM

Ether's Short-Term Signals Should Worry Longs

By Christopher Romano  —  Oct 22 - 11:50 AM
  • Ether hit a 2-month high Monday then closed the session lower

  • Daily RSI diverged on that high & a daily inverted hammer formed

  • Today a price drop follows that hammer and the 10-DMA was pierced

  • US yieldUS2YT=RR & USD/CNH gains, stockESv1 drop helped sink Ether

  • Daily RSI is falling again and a monthly doji candle is in place for Ether

  • Tech signals suggest Ether's downside risks are increasing

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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