nemirko
Long

Potential UP move on ETH on Kraken

KRAKEN:ETHXBT   ETHXBT
This is my FIRST ever idea published here on treadingview :)

We have . 382 retracement of initial leg, then we have double bottom folow by bullish divergence on RSI so i expect up move to complete on 1.618 of right leg of double bottom that is perfectly match with 0.618 retracement of initial rally
nice chart. i was thinking a shoulder pump (eventually) to .0055 would occur...similar to the price action of XMR (monero) that occurred in early 2015. we have now reached the .0382 fib once again. it may required a week of consolidation before it moves higher as RSI on daily TF is brutally overbought.
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Looks solid.
Did you add to this position and where?
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