Ethos is making it's best impersonation of a waterslide. Currently sitting at it's last line of support before going back to the mid-4's where it bottomed out before. Price is currently trading on the bottom of the MA on the Bollinger Band and I hope we start seeing a contraction and stabilisation of the price before it hits my stop loss. However, RSI is hovering at 40 on the one day, and 20 on the 1 hr, deeply oversold on the 1 hr makes me optimistic that this wont continue dropping.
Be disciplined and let your stop loss hit. If the price breaks the market structure don't try to hold on for a bounce that might not come.
Check out my previous idea on BQX. Bear flag was printed and the anaemic volume confirmed the lack of buyers coming into BQX for now.
Please leave a comment or hit the like button.
*all ideas are for my own record keeping.
Be disciplined and let your stop loss hit. If the price breaks the market structure don't try to hold on for a bounce that might not come.
Check out my previous idea on BQX. Bear flag was printed and the anaemic volume confirmed the lack of buyers coming into BQX for now.
Please leave a comment or hit the like button.
*all ideas are for my own record keeping.
Comment:
A good trendline analysis from Cryptostation.
