ETH stopped its decent at the 1.414 extension level and just above the $150 resistance which is significant. Here are the current bullish indicators for the mother of ALTs.
1. Daily RSI divergence showing sellers losing momentum.
2. Daily TD 8 with hanging man candle + V bottom, we are looking for a 4 count to go aggressively long.
3. Record open shorts which will be massively under water under $250, margin calls on Finex at around $300 likely to fuel the rally up to the upper trend line.
Targets as follows:
TP1: $236
TP2: $364
1. Daily RSI divergence showing sellers losing momentum.
2. Daily TD 8 with hanging man candle + V bottom, we are looking for a 4 count to go aggressively long.
3. Record open shorts which will be massively under water under $250, margin calls on Finex at around $300 likely to fuel the rally up to the upper trend line.
Targets as follows:
TP1: $236
TP2: $364
Comment:
RSI resistance hit and first trend line approaching.