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SuperShibe
Sep 13, 2018 6:28 PM

ETH V Bottom, Record Shorts, RSI Divergence, Bullish! Long

Ethereum / DollarBitfinex

Description

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

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tradingview.com/chart/vOzTd6Hx/

RSI resistance hit and first trend line approaching.

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