RSI is bullish. MACD crossed over. There is still a downward trend line that has been the resistance which would be at roughly $1040. With this momentum we are likely to reach that point, and maybe even surpass it and go closer to the next resistance at the .786 Fib level at roughly $1180. I have high hopes for ETH. If the price point approaches the downward trend line, I will set stop loss levels accordingly just in case the trend is still in place. If this trend line is broken, off we go.
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Bought in at $900
If price approaches trend line, will set stop loss at roughly $975 which is just below the .618 Fib level. If stop loss is met I will watch closely to see if the downward trend is still in tact, if so, buy in at another time.
Strictly for educational and personal purposes**
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Bought in at $900
If price approaches trend line, will set stop loss at roughly $975 which is just below the .618 Fib level. If stop loss is met I will watch closely to see if the downward trend is still in tact, if so, buy in at another time.
Strictly for educational and personal purposes**
Comment:
disregard those annoying support/resistance lines I didn't remove in first chart
