RodolfFlocon

ETH still waiting for an entry

COINBASE:ETHEUR   Ethereum / Euro
ETH is not yet at a good entry point IMO .

In daily, the Stoch RSI is very very low indeed (around 10), but not in 4H neither in 1H. There, we are completly overbought: 100 & 80. In 1h we break down the 80 soon.

Also, you can take a look at the magic indicator at the bottom: it's only going down.

Finally we have touched the resistances of the arising chanel twice (230e and 250e) and it may take a while before we hit again.

So I'd say: a buy at 190e would be wise, however we can wait a confirmation of the arising chanel. And TP at 245e and 265e.
Trade active: Entered at 215e, sadly we didn't go deeper but we had to keep back into the train!
Comment: Oups. Meant that we still got the 215e entry from earlier, but coudln't buy more then.
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