We had a submerged crossover and a long correction at oversold levels… we walked on the under part of Bollinger Bands for a long time and we’re at the bottom at this moment.
It’s likely that we are approaching the end of this correction!
Let’s take a look at each indicator of our setup…
RSI – This is the ideal scenario for anyone looking for an entry. Strong buy signal here.
Stochastic RSI – That little bump is not enough to drive a reversal and we’re not yet at oversold levels.
Stochastic – Already in oversold levels. We’ll likely oscillate here for a little while before a reversal.
MACD – The blue line has crossed the red line down, confirming that we’ll have to wait a little longer until the next trend reversal.
Despite the downward trend in the short term, the MACD in a broader view is almost inviting for an entry into the short to medium term.
Conclusion: If you are thinking about buying ETH, you are well on your way… just wait for oversold levels (between 0 and 20) in Stochastic RSI to jump in with a more secure margin.
It’s likely that we are approaching the end of this correction!
Let’s take a look at each indicator of our setup…
RSI – This is the ideal scenario for anyone looking for an entry. Strong buy signal here.
Stochastic RSI – That little bump is not enough to drive a reversal and we’re not yet at oversold levels.
Stochastic – Already in oversold levels. We’ll likely oscillate here for a little while before a reversal.
MACD – The blue line has crossed the red line down, confirming that we’ll have to wait a little longer until the next trend reversal.
Despite the downward trend in the short term, the MACD in a broader view is almost inviting for an entry into the short to medium term.
Conclusion: If you are thinking about buying ETH, you are well on your way… just wait for oversold levels (between 0 and 20) in Stochastic RSI to jump in with a more secure margin.
Nota
ETH +20%!!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.