Following an extended oversold condition (orange / dark orange column) there is now evidence to support a trend reversal on the above 1-day chart. A regular bullish divergence between price action and the oscillators can be easily seen following a RSI resistance breakout. (Green line & call out).
If you are long Ether this is an excellent moment to increase that supply.
1st target @ 0.0009 or 108% - yes, double your Ether holdings.
Is it possible price action can fall further? Yes.
Is it probable? Very unlikely following the oversold condition.
If you are long Ether this is an excellent moment to increase that supply.
1st target @ 0.0009 or 108% - yes, double your Ether holdings.
Is it possible price action can fall further? Yes.
Is it probable? Very unlikely following the oversold condition.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR