ETHUSD Closed With a Loss

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum closed the previous trading session with a loss, we don’t know when the uptrend could stop, but it’s hard to trade against it unless we have strong evidence that contradicts it, which is not the case for ETHUSD, as traders we love volatility because it represents an opportunity, I’ve been staying away from cryptos lately since it does not suit my trading style, however if you are a short term crypto trader this could be an opportunity to buy at a lower price, if the Relative Strength Index went below 70 I would consider placing a Buy trade for the short term unless I see that the resistance could be broken and the pair could find new highs for the year, current RSI is at 80% so let’s keep an eye on this oscillator and try to get advantage of the volatility on cryptos.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.