Ethereum ETH - Easy Intraday Bounce Trade
Updated
No time for right up. Easy oversold bounce play. Good point of entry near channel support and 4hr RSI oversold.
Trade closed: stop reached
Failed Trade. Mistake was not looking at Bitcoin's RSI in conjunction with ETH. ETH 4hr RSI around 23 but BTC hasn't yet entered oversold territory.Secondly, ETH historically gone deeper into oversold territory before the bounce. Live & Learn.
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.