ETHLend 4/06

ello guys

Let's take a look at ETHLend.

Support levels to watch are 578 if it break next support is 531 (a drop of 7%) and if that fails another drop of 10% would take us to 472 as a hard support.

First of all, I find it hard to make a decision here because we already bounced 5% and that was the play here, if you missed it don't fomo in it's possible to get burned easy in this choppy market right now.
I wouldn't recommend to buy at these levels at this moment, I would wait for a pullback on the lower timeframes (e.g. 15,30 min or 1 h chart) and try to get filled there.

If you don't want to listen and want to buy make sure to set stops!!

It looks like the 4h rsi found support or maybe it's just a bounce to cool off the 1h rsi it was pretty OS (oversold)

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good luck and thank you for tuning in !!


DISCLAIMER:
The Legal stuff - I'm not financial adviser.

Comment:

everything is still in play

Comment:

let's see where it finds support looking at rsi on the 4h chart possible bounce targets could be 560, 540 and hard support 531.
IF 531 doesn't hold 472 range would be in the cards

We'll have to wait and see.