EthereumLong
ETH at bottom of channel
Not only has the price reached the support line as shown by the channel, it has also reached the support line of the Bollinger Bands. To me, this looks like a good long position.
I'm planning to enter at $835 wit ha stop loss at $832. I will take liquidate 50% of my holdings at the middle of the bands, which is about $858 currently. Then I will liquidate the rest at the top of the channel at $866.
Stochastic RSI is also showing a good buy signal as the lines are about to cross. The only problem I have is the volume looks a bit low.
I'm planning to enter at $835 wit ha stop loss at $832. I will take liquidate 50% of my holdings at the middle of the bands, which is about $858 currently. Then I will liquidate the rest at the top of the channel at $866.
Stochastic RSI is also showing a good buy signal as the lines are about to cross. The only problem I have is the volume looks a bit low.
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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.