ethusd chart 15m for trading with good profitIt sounds like you’re observing a potential bullish divergence in the ETH/USD pair. Here’s a more structured explanation:
When the Relative Strength Index (RSI) is making higher highs while the price is making lower lows, it often indicates a potential reversal. This divergence suggests that the downward momentum is weakening, and a bullish reversal might be on the horizon.
Key Points:
RSI Higher Highs: Indicates increasing buying pressure.
Price Lower Lows: Indicates decreasing selling pressure.
Potential Reversal: This divergence can signal a buying opportunity.
Strategy:
Wait for Confirmation: Look for a clear reversal signal before entering a buy position.
Entry Point: Consider entering once the price starts to show upward momentum, confirming the reversal.
Keep an eye on other indicators and market conditions to support your decision. Happy trading! 📈
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