ETH time to stock up
despite having shit fundamentals at the moment, Ethereum is a cornerstone of cryptocurrency and isn't going anywhere soon.
The techincal starts have aligned, making a golden buy opportunity for us computer slapping monkeys.
Price has approached 9 month trend line at log channel/linear falling wedge, daily RSI is oversold and has a huge bullish divergence from price, and volume has increased to reversal levels.
so here's good to buy, but where the fuck do i sell?
well, last reversal we would notice the fib .618 line up with classic support and resistance.
If you peep the chart this has happened again so why not shoot for it. ETH is an altcoin, so bitcoin price action does heavily influence ETH price action, so lets take profit along the way as we get it. NO, its not a glorious exit we can tweet about, but this way if shit doesn't go our way, we still win. Ever think about that? No. You only think about yourself.
Profit target 1: 362.68 USD
Profit target 2: 436.78
Lets murder this chart!
Stay up,
SK
The techincal starts have aligned, making a golden buy opportunity for us computer slapping monkeys.
Price has approached 9 month trend line at log channel/linear falling wedge, daily RSI is oversold and has a huge bullish divergence from price, and volume has increased to reversal levels.
so here's good to buy, but where the fuck do i sell?
well, last reversal we would notice the fib .618 line up with classic support and resistance.
If you peep the chart this has happened again so why not shoot for it. ETH is an altcoin, so bitcoin price action does heavily influence ETH price action, so lets take profit along the way as we get it. NO, its not a glorious exit we can tweet about, but this way if shit doesn't go our way, we still win. Ever think about that? No. You only think about yourself.
Profit target 1: 362.68 USD
Profit target 2: 436.78
Lets murder this chart!
Stay up,
SK
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