ETH possible retest of resistance at 1630

I think ETH will retest resistance at 1630, probably to 1645 , still looks very bullish and it is inside the acsending channel again after refusal over 1630, i am waiting the RSI on 1H to get fully oversold ( ETH price 1592-1597 as entry point ) or change direction to go long with objective 1630-1645

Note

Long at 1599 and out 50% at 1612 at first resistance, RSI at 5 and 15 are overbought so i did want to lock some profit , the other 50% i moved the stop at break even or 1599

Note

Closed the trade , the other 50% at 1610 in profit as the middle channel line is howing too much resistance , waiting for next opportunity

giorgiovie

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giorgiovie