ETHE Bullish RSI Divergence and Volume Indicators
Hi All,
There is a bullish RSI divergence on the daily chart for ETHE meaning that the price of ETHE dropped lower while RSI moved up. Additionally, it appears that the sharp selling volume is declining. Looking back at the correction in March, the low was set after a similar RSI Bullish Divergence and a spike in volume that was less that the spike on the large drops.
This is a very risky trade as ETHE is still very much above it's NAV, however, the R/R is there for me. I'm currently long and looking for a move to the mid 90's and then 110-120 area.
Cheers
There is a bullish RSI divergence on the daily chart for ETHE meaning that the price of ETHE dropped lower while RSI moved up. Additionally, it appears that the sharp selling volume is declining. Looking back at the correction in March, the low was set after a similar RSI Bullish Divergence and a spike in volume that was less that the spike on the large drops.
This is a very risky trade as ETHE is still very much above it's NAV, however, the R/R is there for me. I'm currently long and looking for a move to the mid 90's and then 110-120 area.
Cheers