EthereumLong
"ETH-USD" Ready to fly?
Looking at the daily log chart, we are in the same situation of 09/14/2017: rsi oversold + fisher and schaff at the bottom! As you can see, the price felt under the 10 month log trend line (red dashed line) and under the 1x2 Gann line, but now bounced from level 0.786 of Fibonacci!
In my opinion, this is a good buy point but for a safe entry, the chart has to return above the red line and has to break the bearish channel (blue trend line).
In my opinion, this is a good buy point but for a safe entry, the chart has to return above the red line and has to break the bearish channel (blue trend line).
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