A Probable small Correction here for ETH USD
Hi, I know everyone is in a very bullish mode now. However, I could see a small correction happening in ETH USD soon.
1.ETH had nicely hit the daily CPR at TP 1. I could not see if there is strength left to continue to TP 2.
2.4hr timeframe, RSI is overbought and there is a looming bearish divergence.
3. Stochastic RSI is overbought, a potential cross coming soon.
4. ETH hasn't had any correction yet since the rally started. Only consolidation in a step pattern.
I have taken out my profit, from here, there is a probability of the price moving down $290.85-288. Where I foresee by that time, the 20 EMA would have caught and provide support.
Trade safely!! Peace.
1.ETH had nicely hit the daily CPR at TP 1. I could not see if there is strength left to continue to TP 2.
2.4hr timeframe, RSI is overbought and there is a looming bearish divergence.
3. Stochastic RSI is overbought, a potential cross coming soon.
4. ETH hasn't had any correction yet since the rally started. Only consolidation in a step pattern.
I have taken out my profit, from here, there is a probability of the price moving down $290.85-288. Where I foresee by that time, the 20 EMA would have caught and provide support.
Trade safely!! Peace.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.