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.
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.
