SHORT Ethereum ETH/BTC - pullback imminent
Ethereum has hit the resistance trendline at around 0.0232.
I think that bullish momentum will be exhausted soon and a pullback to the re-load zone / golden pocket (~ 0.01955-0.01860) is imminent.
Indicator signals @ 1D TF:
- SochRSI bearish crossover
- very high RSI and MFI levels
- bearish crossover at Wave Trend oscillator
90% long positions = very optimistic sentiment -> sell signal!
I´m not a financial adviser. For educational purpose only!
I think that bullish momentum will be exhausted soon and a pullback to the re-load zone / golden pocket (~ 0.01955-0.01860) is imminent.
Indicator signals @ 1D TF:
- SochRSI bearish crossover
- very high RSI and MFI levels
- bearish crossover at Wave Trend oscillator
90% long positions = very optimistic sentiment -> sell signal!
I´m not a financial adviser. For educational purpose only!
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