alpakal

ETH Good Entry

Long
alpakal Updated   
BITSTAMP:ETHBTC   Ethereum / Bitcoin
ETH is has been consolidating for about a week around 0.055 area, and is looking to break out of the downtrend line soon. I'm buying around 0.05625.

Positive divergence in RSI also confirming trend reversal. Will hold for some time, please note that this is (D) frame, so long term trade here.

Good luck,
Trade closed: target reached:
Will close the trade now. Considering the rising wedge on btc, 5% is not bad for less than 24hrs ;)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.