Short Term Ethereum
Updated
Confirmation that the MACD crossed above the signal line. This is a bullish momentum.
The RSI level may be heading to the overbought region, but on the 30 minute timeframe, the RSI level is not.
This is a trading idea for the remainder of the day (Central Time).
In terms of the Bollinger Band, the candle hit the lower bollinger band, which is indicated in a red circle. So we should be expecting a reversal in price.
THIS IS NOT FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.
The RSI level may be heading to the overbought region, but on the 30 minute timeframe, the RSI level is not.
This is a trading idea for the remainder of the day (Central Time).
In terms of the Bollinger Band, the candle hit the lower bollinger band, which is indicated in a red circle. So we should be expecting a reversal in price.
THIS IS NOT FINANCIAL ADVICE. ALWAYS DO YOUR OWN RESEARCH.
Trade closed: target reached
Traded within the projected area as expected. Making this a short-idea to be closed.
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