Ethereum Bouncing From Oversold State
After a vicious down move, #BTCETH is bouncing off a heavily oversold state.
3 days below the lower bollinger band places the price more than 2 sigmas below the 20 DMA. After the RSI went below 30, Ether bounced, but the volume here is weak.
Risk/reward favors bulls but trend is quite bearish.
t.me/joescrypt/2368
3 days below the lower bollinger band places the price more than 2 sigmas below the 20 DMA. After the RSI went below 30, Ether bounced, but the volume here is weak.
Risk/reward favors bulls but trend is quite bearish.
t.me/joescrypt/2368
Joe McCann
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Joe McCann
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Founder, CEO, CIO
Asymmetric
asymmetric.financial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.