Despite the 50 plus day of the current corrective market, ETH has remained resilient with an RSI over 45 and way above the 100-day moving average on the daily charts. ETH is currently in the middle of the ascending channel at about $1106 USD. I am holding my current core positions till it reaches the top or bottom of the channel to determine my next course of action.
**NOTES** I am not an experienced trader. I am an investor learning TA. So please, take it easy on me.
DO NOT use my published ideas for making decisions. Recommendations are welcomed.
Again, I am not an experienced trader.
Trade closed: stop reached
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My stops were reached at 965...However,I still hold my core position and will add more at about 800 levels...Good luck.