$ETH
2.553,89 Rebounded From 2.406,11 but Held at UP 2.560! Buy or Sell?
$ETH update 2 timeframes:
4H - At UP + Overbought
Price 2.553,89 is right at UP 2.560,25. Yesterday’s low of 2.406,11 has bounced +6%.
RSI 70,65 = OVERBOUGHT (>70), overbought and vulnerable to a correction.
MACD has just made a golden cross: DIF -5,02 > DEA -17,45 + green 12,43 = bullish momentum starting, but not strong yet.
1H - Still Bearish
Price 2.553,89 is FAR BELOW MB 2.641,63! The 1H trend is still weak.
MACD red -28,89 + DIF -4,46 below DEA 24,42 = selling pressure remains on the 1H.
RSI 42,30 is neutral, with no strong buying momentum yet.
TODAY’S SETUP $ETH :
BUY ON DIP (Safest):
Entry: 2.513,15 (4H MB) - 2.466,05 (4H DN)
TP1: 2.560,25 (4H UP)
TP2: 2.641,63 (1H MB) if it breaks through
SL: 2.406,11 yesterday’s low
SELL SCALP (Use caution):
Entry: 2.553 - 2.560 at the 4H UP area
TP: 2.513 (4H MB)
SL: 2.580 above the 24-hour high
RULE: Don’t FOMO at 2.553 because the 4H RSI is 70 + the 1H is still below MB 2.641. Wait for a pullback to 2.513, then scale into a buy.
Would you buy ETH at 2.513 or wait for a break above 2.579?
#ETH #Ethereum
2.553,89 Rebounded From 2.406,11 but Held at UP 2.560! Buy or Sell?
$ETH update 2 timeframes:
4H - At UP + Overbought
Price 2.553,89 is right at UP 2.560,25. Yesterday’s low of 2.406,11 has bounced +6%.
RSI 70,65 = OVERBOUGHT (>70), overbought and vulnerable to a correction.
MACD has just made a golden cross: DIF -5,02 > DEA -17,45 + green 12,43 = bullish momentum starting, but not strong yet.
1H - Still Bearish
Price 2.553,89 is FAR BELOW MB 2.641,63! The 1H trend is still weak.
MACD red -28,89 + DIF -4,46 below DEA 24,42 = selling pressure remains on the 1H.
RSI 42,30 is neutral, with no strong buying momentum yet.
TODAY’S SETUP $ETH :
BUY ON DIP (Safest):
Entry: 2.513,15 (4H MB) - 2.466,05 (4H DN)
TP1: 2.560,25 (4H UP)
TP2: 2.641,63 (1H MB) if it breaks through
SL: 2.406,11 yesterday’s low
SELL SCALP (Use caution):
Entry: 2.553 - 2.560 at the 4H UP area
TP: 2.513 (4H MB)
SL: 2.580 above the 24-hour high
RULE: Don’t FOMO at 2.553 because the 4H RSI is 70 + the 1H is still below MB 2.641. Wait for a pullback to 2.513, then scale into a buy.
Would you buy ETH at 2.513 or wait for a break above 2.579?
#ETH #Ethereum