ETHUSD still in parallel channel but broke below the mid-line this morning. Support at 1500-1600, we touched it this morning and bounced back as shown by the long wick on the 4h candle.
RSI on the four hour chart is approaching oversold, we have not seen RSI in oversold territory on this chart, we have seen this signal a reversal.
Will we climb past 2k from here, or will we see further retraction? I'm holding!
RSI on the four hour chart is approaching oversold, we have not seen RSI in oversold territory on this chart, we have seen this signal a reversal.
Will we climb past 2k from here, or will we see further retraction? I'm holding!