ETHBTC short term gain

BITFINEX:ETHBTC   Ethereum / Bitcoin
ATM the RSI on the daily is showing oversold conditions. The RSI on the 4 hour chart isn't quite as low as i'd like it to be for a buy but once the RSI on the 4 hour will hit 12 it is. I think the RSI on the 4 hour will hit 12 once Ethereum nears it's major support level . Ethereum has major support around the 0.0570 - 0.0585 BTC price. As well as the fibonacci retracement correlating with the major support. I think we'll see a 10% gain from the support level before continuing the downtrend. I'm placing my stoploss around 0.055 in case we break the support level and immediatly continue down.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out