etn/btc pair weekly chart 05.02.26.
Well, I've been trying to find a positive chart in this downturn in price action across the market....and here it is. I mentioned before that Etn decoupling from Btc.... would be awesome. Let's not go to mad though because we are in a long term downtrend against Btc. However rsi has crossed and trending upwards. The macd histogram is about to flip green which is positive momentum and the macd (blue) line is about to cross above the signal (red) line which is also positive. If this weekly candle prints green as well that would be 5 green candles in a row. That hasn't happened before in this whole channel.....4 and a half years in the making!
If we manage a retest of the upper trendline and possible breakout above it...... that would be really awesome! We will be keeping a close eye on this one......๐
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