stefanjo

Ethereum short term trade

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
226 views
5
226 1
Ethereum is still in downtrend along with the overall market. Stoch RSI is at the bottom, MACD looking for a potential bullish crossover.
We're also well below EMA 20 and 50 day
RSI is also worn out.

How I will play this out:
will enter a small position with tight SL, we are still in a downtrend but I think we can see a short-term bounce before an eventual breakout up or down.




Chart played out accordingly for this scalp.
Now we wait and see what the market will do, atm it looks to be in a small uptrend
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out