RSI is still in downtrend. If it is able to stay above 56 we can call for a reversal.
This is not trading advice, do your own research. You are responsible for your own trades and investments.
This is not trading advice, do your own research. You are responsible for your own trades and investments.
Comment:
RSI has failed to break into bullish territory. This bounce down from 60+ RSI is expected. Price is currently just above mid line of the fork, 4 hour chart shows RSI can still fall to oversold level which would out us around .00062. Lets see if it can retest .0009 BTC in November.
I would be cautious trading this pair as it lacks volume and BTC is currently strong, and we have Segwit2x coming in mid November which is dangerous for alts.
I would be cautious trading this pair as it lacks volume and BTC is currently strong, and we have Segwit2x coming in mid November which is dangerous for alts.
Potential repeating cycle here.