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Valeriia_Top
May 11, 2020 8:16 AM

ETH/USD - trade bounce!  Long

Ethereum / DollarBitfinex

Description

There are signs of descending trend.
RSI has broken through level 50 and fixed under it.
AO shows further slackening.
We can trading the correction for this purpose by going down to 4timeframe.


On the 4 hour timeframe you can try to trade the rebound.
AO reversed to growth.
RSI is ready to bounce back into growth.
Stop Loss can be tied to the 183$ level.


Thanks for your support! Push like if you think this is a useful idea!

Comment

update
Comments
Helical_Trades
but if we refer to TA and EMA we can see a huge bubble into this volatility market
so as i said i can notice that, there is high chance for it to dump into Fibonacci S1 lane
then we can see another market excitement
after all i guess we can see the minimal pumps from it
Valeriia_Top
@pouriarahdar, Thank you for your thoughts.)
Helical_Trades
kinda agree..
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