FerroIgnique

Bullish divergence? Eth long opportunity

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KRAKEN:ETHUSD   Ethereum
ETH has been pretty much moving sideways for the last couple of days. When we look at the 4h We see a strong correlation between the Stoch RSI and the price action. But on the daily timeframe the isolator is trending down with the price action narrowing into an ascending triangle. Looks like bullish divergence entering into the equation, it’s my hope that the oscillator continues all the way down to oversold while the price actually continues to track sideways and then this ascending triangle explodes to the upside.

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