Hey folks,
Although MACD and RSI looks very Bullish, lot of resistances $225, $245 present on the upside move.
- Resistance of $220 according to daily pivot band
- Weekly Pivot band
Trendlines: Supports and Resistances
- On 4-hourly price chart, MACD is still in bearish zone facing upwards with RSI under 50 level.
Key Highlights :
- Early sign of recovery on hourly price chart of ETH/USD pair
- Still lot of resistances present on the way to bullishness
TBH: I took LONG position at $212 with my Risk management in place. ( I took entry after seeing the price close above pivot line with confirmation of MACD and RSI on hourly chart) Update: => and next candle went to $222
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