ETH USD
resistance at 3004.
Support is at 2019.
Demand zone is 1542-1264.
Whenever demand zone is tested could be opportunity
for accumulation.
RSI still not hit the oversold zone.
Best decision making time is in Oversold and Overbought zone.
Depending on the time frame of the chart and depending
on the perspective/vision of the trader, the oversold and
overbought may be used.
ETHUSD fall comparitively lesser that BTCUSD and other
crypto.
Pullback will be more used by investors who are stuck up
with long position.
Lower time frame overbought in 4 hour, 6 hours or even 12 hours
on RSI
would be opportunity for investors to reduce exposure or take profits
3000 is the resistance
if breakout above 3000 is witnessed then rise to 3560
as the supply zone for profit booking or exiting long
which could be matched with overbought in
lower time frame charts.
resistance at 3004.
Support is at 2019.
Demand zone is 1542-1264.
Whenever demand zone is tested could be opportunity
for accumulation.
RSI still not hit the oversold zone.
Best decision making time is in Oversold and Overbought zone.
Depending on the time frame of the chart and depending
on the perspective/vision of the trader, the oversold and
overbought may be used.
ETHUSD fall comparitively lesser that BTCUSD and other
crypto.
Pullback will be more used by investors who are stuck up
with long position.
Lower time frame overbought in 4 hour, 6 hours or even 12 hours
on RSI
would be opportunity for investors to reduce exposure or take profits
3000 is the resistance
if breakout above 3000 is witnessed then rise to 3560
as the supply zone for profit booking or exiting long
which could be matched with overbought in
lower time frame charts.