DO NOT BUY NOW!

I don't see this badboy going any higher than this.
Clear signs of bearish divergence are seen on the RSI.
Also MACD is downticking.
Target FIB levels for entry points.

Note

0.382 target area hit and bounced from it. I expect more downside

Note

2nd buy target hit bam

Note

Let's take a look at the bigger picture.

We can see that ETHEUR is in a correction. If we make a ABC 1:1 measured move we will hit our 3rd target, which is also the golden pocket Fibonacci zone.
So there is alot of confluence in the 430-450 area. I would ladder my buy orders here.

Also MACD is downticking and there is stil alot of room for the RSI to be oversold.

Note

Bam 3rd target hit spot on. But the bad news is that we will probably go even lower. The RSI on the daily chart has still alot of room to go. So next target will be around 350-370 ( 1.618 fib extension and 0.786 fib retracement)

Note

Nice bouns from 3rd target

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"So next target will be around 350-370 ( 1.618 fib extension and 0.786 fib retracement)"

We hit our target perfectly. I expect a short term bounce from here.
But overall the Daily RSI still has room to go lower. So our next target will probably be around 325-330 wich is the 0.886 FIB and 1:1 fib extension.

BatterT

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BatterT