ETHUSD is showing mixed signals
Bearish
- Bearish cloud crossover
- Rising Wedge
- Volume is slowing down
Bullish
- RSI is in a nice consistent uptrend and not signalling an overbuy.
- Price moving above the Kijun Sen
- Last 4 bars have all been upside (no lower wick)
Let's see how it goes. Most likely move is sideways. If price finds support on the Kijun Sen and then pushes above the cloud this will be a long signal.
Not investment advice. Keen to hear view in the comments below.
Bearish
- Bearish cloud crossover
- Rising Wedge
- Volume is slowing down
Bullish
- RSI is in a nice consistent uptrend and not signalling an overbuy.
- Price moving above the Kijun Sen
- Last 4 bars have all been upside (no lower wick)
Let's see how it goes. Most likely move is sideways. If price finds support on the Kijun Sen and then pushes above the cloud this will be a long signal.
Not investment advice. Keen to hear view in the comments below.
Comment:
ETH moving sideways are expected. If price closes in the cloud then this will trigger a buy signal
