Chinese Ethereum- I researched this coin a few months ago and was convinced it would be a good coin to invest in. Well looking back it was one of my better decisions. I have tripled my investment and I have scaled my position significantly and I am now looking to buy back in I see several levels. Maybe BTC will give me a clue - correlation. I like the converging trendlines/support and near the last fib level of the previous swing. I will scale in at both levels if price action on a lower time frame indicates to go long. My targets are simple fib extensions if price retraces to the 0.382 I will be looking at the 161.8 to scale. If price makes it way lower to the 23.6 level then I think we will see the 200% extension.
Not a lot of volume though, no? Even the ATHs a few weeks ago were significantly weaker on volume than the June/July highs were.
gillianpatrice
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@norse75, Hi, I have never trusted volume. Honestly I don't understand how volume matters? Can you provide me with some pointers? Or how you trade or use it as an indicator?