Hi, crypto lover guys i am going to make an effective price action analysis on ethereum/usd. this pair has hold price at 763.52 with a big nice pin bar candlestick formation. At the same time macd a leading imdicator shows lower and much lower high. what is a signal of bullish bias. in addition r. s.i indicator shows 34 a bit higher (at the time of writting) to be oversold ( r .s .i 30 is counted as potential oversold level). so if we get a strong bullish candle over price at 1077.00 only then we will get buying confirmation on ethereum/usd.
legal disclaimer: please note it that it is my own analysis based on price action, so i will not be liable for loss for buying and selling. take position at your own risk .
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thanks