Conviction: 3/5
ETH is retesting breakout line (resistance since 2017), sign of outperformance in medium/long-term.
Weekly RSI is not at any special levels.
Daily RSI approaching oversold levels, but nothing special either... could continue to languish along the trend line down.
however, does not tell us direction of ETH itself, just relative performance.
ETH is retesting breakout line (resistance since 2017), sign of outperformance in medium/long-term.
Weekly RSI is not at any special levels.
Daily RSI approaching oversold levels, but nothing special either... could continue to languish along the trend line down.
however, does not tell us direction of ETH itself, just relative performance.
Trade closed manually
Broke below support, waiting for better entry around 0.064
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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.