Michael_KM
Long

$ETH Could bounce up from here

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
$ETH has put in a great set-up.

We are currently sitting around $207

Price has pulled into an area of structural support, through a harmonic AB=CD move.
At this area of structure, we get the 127.2 Fibonacci confluence .
For me, a key indicator to go long here, is a the addition of a double bottom coupled with bullish divergence on RSI (7).
This suggests that sellers are losing steam and we may see a move up from here targeting the $450s

Have a good week
thats embarrassing.
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@cbabyc, not really. This game comes with wins and losses
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