Ryecatcher

ETH/USD giving mixed signals

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
ETH is currently at a crucial point on the RSI , completely in over bought terrority and looking at the past to give us an indicator on the present ETH at these levels normally Indictate an incoming bearish move, however 10-30% drops are very normal and in infact healthy In a bull market.

On the other hand if ETH decides to ignore all indicators and continue its rise the next target will be around the mid $1300 (yellow line on the chart)

Stay safe trading.

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Comments

what would be an ideal buy rate? below 1150?
+3 Reply
I agree with your ideal buy rate.But I think it's too late for entry!
+1 Reply
Samiang*
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Samsung it hit the 20 ema on the 4hr social hope you took the call and loaded your bag.
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The 20 and 50 ema would be great dip buying opportunities if eth gives us the chance.
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DietMondo1 Ryecatcher
@Ryecatcher how long you think it would take to be stable at 1300
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Ryecatcher Ryecatcher
What do you mean by stable
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