ETHEUR upward trends seems to confirm. I would start buying it again, with a stop-loss at 150 EUR.
I'm always happy to hear your thoughts so feel free to react to this post.
Cheers,
S.
When looking back over the last 2 years, we can see that 140€ has often be both a strong support and a strong resistance.
During last crash, the 140€ hasn't been broken,... yet, since we're not far...
I'm curious and would wait for a couple of days (let's say 2 weeks max) to have a better understanding of where the ETH would go.
Scenario one: 140€ remains...
The upper resistance is now clearly broken since a couple of days. RSI and ROC are also clearly on the upside. This confirm the upward momentum I was expecting a couple of weeks ago (even though it took longer than expected :) )
Cheers,
S.
On the daily chart, we can see a divergence from both the RSI and the ROC over the last month. See Low1 and Low2 on chart.
While the ETH price has still been going down, we can see a divergence in both oscillators (Low2 > Low1 for both RSI and ROC) which tend to show that the downward trend is loosing its strength.
If the ETH price break the upper trend line...
