Ethereum is trading inside a Channel Up since September 06 and today's correction came very close to its bottom.
The 4h RSI turned 23.50, extremely oversold, which is the level it hit on October 02, close to the previous bottom.
Even if the price drops some more, this is still a low risk/ high return buy opportunity.
Buy and target 2900 for a new Higher High on the Channel Up.
Relevant chart:
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The 4h RSI turned 23.50, extremely oversold, which is the level it hit on October 02, close to the previous bottom.
Even if the price drops some more, this is still a low risk/ high return buy opportunity.
Buy and target 2900 for a new Higher High on the Channel Up.
Relevant chart:
Follow, Like, Comment below!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.