#ETH / BTC ( Most Exchanges )
Buy Range : 0.031
Stop Loss : Below 0.027
Target 1 : 0.041
Target 2 : 0.053
The fall of Bitcoin, the problems of scalability of Ethereum, and the poor communication of its CEO, has caused that this currency has suffered sharp falls in recent weeks.
This situation seems to have slowed down having found a support in levels of December of 2017, generating a great buying pressure. Without having finished the week, we can observe how a hammer is being formed, which is a clear indicator of bullish reversal.
The return of the positive volume and that the RSI touch oversold levels, indicate that it is a good time to enter long with the expectation of touching previous fibo levels, especially objective 2, which is an important point of confluence.
Good luck
Buy Range : 0.031
Stop Loss : Below 0.027
Target 1 : 0.041
Target 2 : 0.053
The fall of Bitcoin, the problems of scalability of Ethereum, and the poor communication of its CEO, has caused that this currency has suffered sharp falls in recent weeks.
This situation seems to have slowed down having found a support in levels of December of 2017, generating a great buying pressure. Without having finished the week, we can observe how a hammer is being formed, which is a clear indicator of bullish reversal.
The return of the positive volume and that the RSI touch oversold levels, indicate that it is a good time to enter long with the expectation of touching previous fibo levels, especially objective 2, which is an important point of confluence.
Good luck
評論:
Targets reached if you was able to hold it ;)