ETHEUR retracement on 2h candles

KRAKEN:ETHEUR   Ethereum / Euro
Double bottom formed in the past 3 days. Currently testing the 0.618 fib levels. RSI going upwards, MACD crossed at the bottom and going upwards. Enough volume to confirm the short term upwards trend on the 2h candle.

Price might be suppressed by the sell orders of 100+ ETH at 255, 256,257 EUR. Orders of a few hundred ETH at 259 EUR. Buy orders are currently below 255 EUR.

Suggested exit at 0.5 or 0.382 fib level.

Disclaimer: This is just an idea, not an investment advice, do your own charts to confirm trends.


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