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Lorenz_Capital
13 กันยา 2018 เวลา 1 นาฬิกา 18 นาที

ETH - Weekly Oversold  เพิ่มขึ้น

Ethereum / DollarBitfinex

คำอธิบาย

Hi everyone,

This descending wedge has to break eventually, and upside break of this trend-line is what the long-term bulls are waiting for. The weekly RSI approaching oversold territory. Also, we are currently trading at the descending wedge support, as well as the bear target on the fibonacci - 1.414% extension level. Also, we are seeing higher volume, which is critical for the reversal to hold.

*** NOOTE: There is still a moderate probability of a deeper sell-off - the 1.618% fib level comes in at $110.

Keep in mind, this is a long time frame to be forecasting out, so take it with a grain of salt.

Generally, i think this is a good time to start sending some crypto off to cold storage.

Hit the thumbs up, and best of luck.

ความคิดเห็น

Watch for this trend-break. $250 is huge.

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