dee718

ETH TGT update 21 AUG

Short
COINBASE:ETHUSD   Ethereum / U.S. Dollar
Hypothetical/practice**
Pretty close proximity to multiple UNK demand zones. Have to find that pull back sweet spot. The demand looks shoddy and am looking to stay with the trend.
RSI at 7. (everyone appears to be teaching it differently on youtube). Very interesting what you can do with it if you understand volume / supply/demand analysis. Helps maintain orientation on the chart, comparable to using a compass. Oversold/overbought levels when confirmed with volume (or lack thereof) tends to make a useful adjunct/confluence tool and can be implemented to maintain objectivity and discipline. Always secondary to volume and surely not necessary but it may also serve one in understanding the volume /price relationship at key levels.

GL

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