A Probable small Correction here for ETH USD
Hi, I know everyone is in a very bullish mode now. However, I could see a small correction happening in ETH USD soon.
1.ETH had nicely hit the daily CPR at TP 1. I could not see if there is strength left to continue to TP 2.
2.4hr timeframe, RSI is overbought and there is a looming bearish divergence.
3. Stochastic RSI is overbought, a potential cross coming soon.
4. ETH hasn't had any correction yet since the rally started. Only consolidation in a step pattern.
I have taken out my profit, from here, there is a probability of the price moving down $290.85-288. Where I foresee by that time, the 20 EMA would have caught and provide support.
Trade safely!! Peace.
1.ETH had nicely hit the daily CPR at TP 1. I could not see if there is strength left to continue to TP 2.
2.4hr timeframe, RSI is overbought and there is a looming bearish divergence.
3. Stochastic RSI is overbought, a potential cross coming soon.
4. ETH hasn't had any correction yet since the rally started. Only consolidation in a step pattern.
I have taken out my profit, from here, there is a probability of the price moving down $290.85-288. Where I foresee by that time, the 20 EMA would have caught and provide support.
Trade safely!! Peace.
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.