If we are looking on ETH it s extremly bearish because:
-RSI now is situated below neutral zone
Stochastic RSI bearcross confirmed and it s oversold BUT the sell pressure persisting
MACD bearcross at 3D timeframe(it s huge) and will going down 100%, MA bear cross,we have a huge resistance from ichimoku and also volume is low,these indicators are also bearish
Supports are: 0.028 , 0.0267 and 0.025973 at 3D TIMEFRAME
-RSI now is situated below neutral zone
Stochastic RSI bearcross confirmed and it s oversold BUT the sell pressure persisting
MACD bearcross at 3D timeframe(it s huge) and will going down 100%, MA bear cross,we have a huge resistance from ichimoku and also volume is low,these indicators are also bearish
Supports are: 0.028 , 0.0267 and 0.025973 at 3D TIMEFRAME
Note
It s NOT A BITMEX SIGNAL AT THIS STAGE OF THE MARKET.I m shared this because this idea can help you if you are accumulating ETH for long term
Don t forget to hit HARD LIKE BUTTON!
Order cancelled
Trade canceled.Reason: Double bottom 1D
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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.