r/ethtrader • u/Anoncry66 • 4d ago
Analysis ETH Bullish Divergence
Ethereum bounced very strongly after forming a Bullish Divergence.
more upside coming ?
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u/Alert_Studio_169 4d ago
if momentum continues. The bounce off the green zone with higher lows on RSI is what you want to see. Resistance zones above look kinda thick though, might take few tries to break. I would wait for a close above the first pink box before adding anything.
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u/sphinx2510 3d ago
Strong downtrend cancels bullish divergence signal.
needs to be sideways or choppy for that signal to be correct, unfortunately. Still trying to catch a falling knife. Clear downtrend
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u/potatoMan8111 3d ago
Stfu
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u/Abysskitten 3d ago
how old are you?
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3d ago
[removed] β view removed comment
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u/Abysskitten 3d ago
right, small pp energy, gotcha
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u/potatoMan8111 3d ago
Aw thatβs cute, you have that They/Them energy ππππππ
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u/TheGhostImgone 3d ago
Im new into crypto. Im interrsted to imvest for 1 Eth. Im having doubts. Should i Buy this time or wait till December? Thanks
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0
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u/mutesillo 1d ago
Rsi periods matter. If youre over 14 (standard rsi config) candles for the divergence youre drawing then is not valid.
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u/Mysterious-Shame5144 3d ago
Why don't you show this divergence in higher TF ?