ETH seems to rebounding well for now.
The current one hour candle is moving up with strong volume.
The current one hour candle has a nice long wick on the bottom suggesting at least a strong short term buy back. First signs of health we have seen in some time with Ethereum.
I am entering long positions at least until ETH starts to show some weakness.
ETH is currently coming off of 5 weak selling periods (1hour candles).
RSI index signaled buy at 00:09:00
MACD is on a trajectory to cross over the signal over zero, which all adds up to a good buy signal for now.
This is enough criteria for me to enter into ETH with some short term long leveraged positions.
The current one hour candle is moving up with strong volume.
The current one hour candle has a nice long wick on the bottom suggesting at least a strong short term buy back. First signs of health we have seen in some time with Ethereum.
I am entering long positions at least until ETH starts to show some weakness.
ETH is currently coming off of 5 weak selling periods (1hour candles).
RSI index signaled buy at 00:09:00
MACD is on a trajectory to cross over the signal over zero, which all adds up to a good buy signal for now.
This is enough criteria for me to enter into ETH with some short term long leveraged positions.
Comment:
I expect ETH to easily cross $3200 in the next 12 hours and take over $3500 in the next 36 hours.
Comment:
not looking good now, closing