ETHUSDT - Buy affter retrace?
4 REASONS WHY SHORT-TERM RETRACEMENT IS NEAR
1. Doji candlestick forming, indicating possible reversal.
2. Volume is slowly decreasing, another signal of reversal.
3. MACD histogram flattening out.
4. RSI facing resistance at 70.
Ethereum is looking really good overall though. Support at SMA100 (900USD) or at trendline (877USD) are great for buying more (if you're looking for the best possible price) for the long term!
This is just me learning stuff. Feel free to correct me if I'm doing something incorrectly.
1. Doji candlestick forming, indicating possible reversal.
2. Volume is slowly decreasing, another signal of reversal.
3. MACD histogram flattening out.
4. RSI facing resistance at 70.
Ethereum is looking really good overall though. Support at SMA100 (900USD) or at trendline (877USD) are great for buying more (if you're looking for the best possible price) for the long term!
This is just me learning stuff. Feel free to correct me if I'm doing something incorrectly.
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