ETHUSD reversal?
Updated
Hourly shows a textbook bullish divergence reversal, Stochastic-RSI making HH with price making LL.
4-hrly chart shows extended periods of selling on the MACD, which I consider now very oversold, while weekly stochastic-RSI crossing back bullish.
Eye'd an entry at 3440 if that level held and it did. Every time BTC traders be shilling BTC and "all money" from alts and ETH flowing into BTC, that's the ETH bottom :)
A little early to actually confirm breakout (last test of ATH would be breakout), but my TP is at 4206.9 :)))
Other traders are hoping for head and shoulders breakouts but it seems big hands are always waiting a little longer for the next lower fib-supports to pump the price,
so that greedy speculators get destroyed, so manage your position sizing :)
4-hrly chart shows extended periods of selling on the MACD, which I consider now very oversold, while weekly stochastic-RSI crossing back bullish.
Eye'd an entry at 3440 if that level held and it did. Every time BTC traders be shilling BTC and "all money" from alts and ETH flowing into BTC, that's the ETH bottom :)
A little early to actually confirm breakout (last test of ATH would be breakout), but my TP is at 4206.9 :)))
Other traders are hoping for head and shoulders breakouts but it seems big hands are always waiting a little longer for the next lower fib-supports to pump the price,
so that greedy speculators get destroyed, so manage your position sizing :)
Trade closed: target reached
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