I am looking at Ethereum short-term using the same timeframe I used for Bitcoin, 2h. We have some interesting signals.
Here ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, ETHUSDT has been producing lower bearish volume since last month.
The RSI produced a lower low while ETHUSDT produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.
The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.
Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come. Never SHORT in a bull market, the market will surprise you with how fast things can turn. Better wait for support and go LONG.
Namaste.
Here ETHUSDT is trading within higher lows. This is interesting because Bitcoin produced a lower low recently. The same volume signal is present here, ETHUSDT has been producing lower bearish volume since last month.
The RSI produced a lower low while ETHUSDT produced a higher low. This is called a hidden bullish divergence. Ethereum's bears did not only fail to take out the last low 24-July but also the previous one, and this clearly reveals bullish support.
The RSI being oversold is also a positive condition and can signal a reversal happening soon. Not truly a reversal because we are not in a downtrend, we are still witnessing a small pause after a strong rise; consolidation near resistance. A continuation reads better.
Ethereum's price continues really strong and the short-term signals are pointing to bullish action being favored in the coming days. We can wait easily and patiently because the best is yet to come. Never SHORT in a bull market, the market will surprise you with how fast things can turn. Better wait for support and go LONG.
Namaste.
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ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
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ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
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.
๐จ TOP FREE Trades
ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% ยท AAVE +1134%
XRP +749% ยท DOGS +868%
BTC +563% ยท SOL +658%
t.me/anandatrades/1350
๐จ FREE Analyses & New Results
t.me/masteranandatrades/6499
๐จ PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
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.