Stoch/RSI bearish daily cross over
Updated
I'm catching a highly reliable indicator on the daily time frame on my chart on the stoch/rsi. I'm looking for a retracement out of the current structure into the 50% fib level from the recent march lows to the highs set at in April which is roughly the 158 ETH price level on my chart... I think ill buy a large amount of ETH around 160 and hold long term... I'm not thinking we drop too much lower and defiantly IMO we won't be going any higher before a break of the current structure I have drawn out with the blue trend lines. I believe with the bounce off the 200 MA above 174 area brought us back above 200 level but couldn't find the strength to make a higher push, so we should retrace now to 50% Fib level and then resume the uptrend and break out of the 230 levels. I tried to publish this idea at 207 ETH but for some reason technical difficulties.
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Think this could be a big bull trap of we dont close weekly over the 217 mark. could still get that 50% retracement to 158 area before June then blast off to the moon! GL all.
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