ETH Ethereum the perfect trend channel
Updated
Hello traders,
You see here the 8 hours chart of Ethereum. Price is moving perfectly in the trend channel.
We also see the heavy negative divergence in the RSI. In my opinion, the ideal time to buy ETH is to be patient until ETH hits the bottom of the trend channel.
Preferably we will then see a volume spike and/or a positive divergence in the RSI there.
Patience and waiting for the right moment is very important to make profits with a low risk reward with tight stop.
The longer term trend is still perfectly fine even with hitting the bottom of the trend channel.
Meantime we can see a rebound in ETH so wait for confirmation signals to go short and zoom in on lower time frame to get entry points.
You see here the 8 hours chart of Ethereum. Price is moving perfectly in the trend channel.
We also see the heavy negative divergence in the RSI. In my opinion, the ideal time to buy ETH is to be patient until ETH hits the bottom of the trend channel.
Preferably we will then see a volume spike and/or a positive divergence in the RSI there.
Patience and waiting for the right moment is very important to make profits with a low risk reward with tight stop.
The longer term trend is still perfectly fine even with hitting the bottom of the trend channel.
Meantime we can see a rebound in ETH so wait for confirmation signals to go short and zoom in on lower time frame to get entry points.
Trade active
If we move in the time it is very well possible to hit first the bottom of the trend channel and afterward the top. Probably the top before end of May and the target will then be +3000. So big profits can be made with patience!
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