A conservative trading setup on ETH/USD.
Looking at the chart, we can see that the price made a bullish breakout above the indicated upper resistance line, now acting as support. Looking for a retest, and monitoring the RSI if it becomes oversold, indicating a bearish reversal.
Entering at a retest, taking profits at previous highs.
Looking at the chart, we can see that the price made a bullish breakout above the indicated upper resistance line, now acting as support. Looking for a retest, and monitoring the RSI if it becomes oversold, indicating a bearish reversal.
Entering at a retest, taking profits at previous highs.
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.
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.