invest2win

invest2win

With so many bullish daily candles eth will run out of steam, RSI shows oversold levels, a correction is due to the 0.618 fib level/trendline with stop at a previous support level.

invest2win

A bullish divergence pattern is forming with RSI and MACD showing possible reversal of trend. A break of the descending channel on 4H chart will confirm this.

invest2win

Breakout will occur, go long with candle close above trend line on the hourly chart. Target is to fib level 1.3100. Risk Reward 1.14.

invest2win Updated 

Bearish divergence, SHORT coming soon, uptrend running out of steam, Stop placed above key resistance level. Engulfing candle main price action indicator

invest2win

Looks like we could be getting a breakout, However which descending resistance line is it. Will require a candle closing above the higher resistance line to confirm entry.