Will this support of 0.02477 repeat and launch Ether into the descending trendline? This trade opportunity has a high risk reward. Meaning that if the chart breaks the support: sell.
Lets see how this plays out. the The RSI (6) which I normally use is also over sold.
A bull flag is forming. First target is the upper trendline. second target is 1.20.
Based on triangle breakout pattern: target is 1700. A nice risk/reward of 7
Bearish divergence, Take short position when the trendline is broken. Target is 50% fibonacci retracement around 80
Gold Silver Ratio
