Alexander Guevara
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🔷 #ETH Summary
I continue to draw your attention to Ethereum. These days, it seems that everyone hates this coin—except for those who really know what they are looking at. And objectively, right now it is in a pretty solid buying zone 🪧.
On the chart, once again we are approaching the lower limit of a horizontal price channel. This level coincides with a strong support around $1,770.
At the same time, we are seeing the formation of a bullish divergence between the price and the RSI 🐂. This is a strong signal that the support level is likely to hold.
Remember a simple rule that always applies in the market: THE CROWD ALWAYS LOSES 🪙. Think about that in the context of the current sentiment towards Ethereum.
😀 #RSI #ETHETFsApproved #ETHETFS #TradingSignals $ETH
I continue to draw your attention to Ethereum. These days, it seems that everyone hates this coin—except for those who really know what they are looking at. And objectively, right now it is in a pretty solid buying zone 🪧.
On the chart, once again we are approaching the lower limit of a horizontal price channel. This level coincides with a strong support around $1,770.
At the same time, we are seeing the formation of a bullish divergence between the price and the RSI 🐂. This is a strong signal that the support level is likely to hold.
Remember a simple rule that always applies in the market: THE CROWD ALWAYS LOSES 🪙. Think about that in the context of the current sentiment towards Ethereum.
😀 #RSI #ETHETFsApproved #ETHETFS #TradingSignals $ETH
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