peterbokma

ETHUSD - SELL strategy

Short
COINBASE:ETHUSD   Ethereum
The ETHUSD is interesting chart. The negative divergence seems clear on the chart. We have lower RSI and higher price action then previous period of high RSI and price.

The regression channel has shown that ETHUSD move well within this channel. The strategy is suggested:

sell between $ 4,300 - $ 4,500 with stop above $ 4,800 and take profit at lower channel boundary.


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