f-73

Some room for recovery.

Long
f-73 Updated   
BITSTAMP:ETHUSD   Ethereum
Ethereum just tested MA50/W and is now likely to move towards resistance.
Unless BTC slumps again, of course.

1) trendline support
2) MA50/W support
3) Bullish divergence
4) RSI trending up, oversold Stoch RSI
5) Flattening MACD

Speculative trade, stop under 2900$.

Comment:
Rolling, but still fragile.

Have a stop, worst case in break even.
Never change a profit into a loss.
Comment:
Here it is:

Comment:
Watch BTC
Comment:
Next chapter:
Trade closed: target reached:
Closing down as the interim move up predicted here was completed already on jan 13th.
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.