๐ $ETH 4H RSI hit 14.7 on Oct 8, then flashed a buy signal
1๏ธโฃ Next candle made a lower low ($2,406) but RSI only 23
2๏ธโฃ Lower low + higher RSI = bullish divergence โ +4.8% bounce
3๏ธโฃ $BTC Sep 3: higher high, RSI 82 โ 73, then -8.9%
๐งญ Over 70 alone isn't a sell: BTC stayed overbought 5 days
๐ฏ My take: ETH needs a 4H close over $2,538 with RSI above 50
๐ฌ RSI over 70: do you sell, or ride the trend? ๐
๐ Full lesson: https://app.binance.com/uni-qr/cart/376009747200546
#RSI #TechnicalAnalysis #TradingLessons
1๏ธโฃ Next candle made a lower low ($2,406) but RSI only 23
2๏ธโฃ Lower low + higher RSI = bullish divergence โ +4.8% bounce
3๏ธโฃ $BTC Sep 3: higher high, RSI 82 โ 73, then -8.9%
๐งญ Over 70 alone isn't a sell: BTC stayed overbought 5 days
๐ฏ My take: ETH needs a 4H close over $2,538 with RSI above 50
๐ฌ RSI over 70: do you sell, or ride the trend? ๐
๐ Full lesson: https://app.binance.com/uni-qr/cart/376009747200546
#RSI #TechnicalAnalysis #TradingLessons