oversold rsi often is not a buy signal, but is a warning to watch out for a bullish divergence. if price drops further and rsi increases, we have a good entry. last drops we saw were around 5-10% from last low, where we had oversold rsi. the boxes you see, take that into account. last times we saw something around 15% bounce, which could barely hold the 50ema for a few hours. everything above the 50ema is a good exit.
Trade stängt: Stopp nått:
btc obviously is dominating the market. I don't believe bch can hold this level, if BTC has more downside
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retest of 5900 is likely. I am short until there.
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wrong chart. nvm