There is hidden RSI divergence on the chart.
The price seems to remain stagnant while RSI has gone down significantly. Seems like a potential buy opportunity
Other signals in favor of the bullish trend are:
1. Pullback and range trading on BTC -> Bullish for ETH
2. ETHUSD (idea below) looks neutral to bullish
The pin bar at the bottom is a confirmation of the long signal. Trading with high leverage is not recommended.
The price seems to remain stagnant while RSI has gone down significantly. Seems like a potential buy opportunity
Other signals in favor of the bullish trend are:
1. Pullback and range trading on BTC -> Bullish for ETH
2. ETHUSD (idea below) looks neutral to bullish
The pin bar at the bottom is a confirmation of the long signal. Trading with high leverage is not recommended.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.