ETHUSD: Continued decline
At D1, the cloud is directing upward, indicating an uptrend.
But, the price broke the uptrend line and a very strong divergence between the RSI and the price was formed.
At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin upward.
We recommend selling ETHUSD, when RSI will reach the overbought level at H1 and H4.
But, the price broke the uptrend line and a very strong divergence between the RSI and the price was formed.
At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin upward.
We recommend selling ETHUSD, when RSI will reach the overbought level at H1 and H4.
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