joemccann

Ethereum Bouncing From Oversold State

POLONIEX:ETHBTC   Ethereum / Bitcoin
After a vicious down move, #BTCETH is bouncing off a heavily oversold state.

3 days below the lower bollinger band places the price more than 2 sigmas below the 20 DMA. After the RSI went below 30, Ether bounced, but the volume here is weak.

Risk/reward favors bulls but trend is quite bearish.

t.me/joescrypt/2368

More analysis and setups here:

t.me/JoesCrypt
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