The main play is to look for $100-90 levels, where we find the strongest relative support. Entries here should range from 10%-20% if you truly believe in Ethereum we can see a slow return to $170 and ultimately $200 (eventually)
* Just an idea not trading advise.
Let me know what your thoughts are, I am quite new to crypto I usually trade stock options.
* Just an idea not trading advise.
Let me know what your thoughts are, I am quite new to crypto I usually trade stock options.
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Potential break for the 5% play here. Need a clean break out of $120 for confidence levels to rise, and thus volume.
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^ Keep in mind, we are still bearish... Do not go all in. Downside is far larger than upside until we break out of the major bear channel (my terribly drawn red pennant) :P
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MACD on the daily just close (-0.5 -> ~ -0.15), a bullish indicator, we need RSI to step up now if we are to see a breakout tn. If it fails we return to our main plan, enter only after +/- $2.25 movement @ time of publication.