Just a simple elementary update here guys from yesterday.
Everything still playing out in a bullish way. A Little bearish divergence on the RSI shows we could see a pullback to retest the neckline before upside continuation... What would change this is if the neckline support breaks HOWEVER I ONLY THINK IT WILL JUST DELAY THE INEVITABLE.
Targets remain at 4500$ area but we'll watch that neckline support area closely! This area would present a very good buying opportunity around 3650 - 3700 with GREAT RISK REWARD POTENTIAL. I guess I'd personally put a stop loss at 3420 and a target of 4490.
Entry = 3650 - 3700
Target = 4490
Stop Loss = 3420
*** THESE ARE JUST MY IDEAS BASED OF MY EXPERIENCE AND I AM NOT A PROFESSIONAL ANALYST. ALWAYS DO YOUR OWN RESEARCH AND RISK ASSESMENT BEFORE INVESTING ***
Everything still playing out in a bullish way. A Little bearish divergence on the RSI shows we could see a pullback to retest the neckline before upside continuation... What would change this is if the neckline support breaks HOWEVER I ONLY THINK IT WILL JUST DELAY THE INEVITABLE.
Targets remain at 4500$ area but we'll watch that neckline support area closely! This area would present a very good buying opportunity around 3650 - 3700 with GREAT RISK REWARD POTENTIAL. I guess I'd personally put a stop loss at 3420 and a target of 4490.
Entry = 3650 - 3700
Target = 4490
Stop Loss = 3420
*** THESE ARE JUST MY IDEAS BASED OF MY EXPERIENCE AND I AM NOT A PROFESSIONAL ANALYST. ALWAYS DO YOUR OWN RESEARCH AND RISK ASSESMENT BEFORE INVESTING ***
Comentarios:
I WOULD LIKE TO NOTE THAT ETH MAY NOT RETEST THE NECKLINE AREA which means we wouldn't get those lower buying opportunities. Will keep an eye on it.
Comentarios:
We retested the neckline and bounced... waiting for more confirmation as it could come down again and test again!
