ETHUSD POSSIBLE BOTTOM

16 Haz 2018

I describe a possible bottom in ETHUSD cross, this is pointed out on weekly chart where L1 is the first bottom and L2 could be the second one. There is another piece of information on that chart, the negative divergence on RSI indicator that underlined the top of ETH in the week ending 2018-01-01. In daily you can see a double Low in RSI indicator that could correspond to L2 in the weekly chart. This could be a speculative buying opportunity fixing a stop-loss under 450 $ corresponding to the support line on the channel dwaw on the chart. This pieces of information supplied from RSI indicator are sustained in the BB% indicator that sometime anticipate RSI. Last but not least Vix indicator is in green zone pointing out a possible bottom and decreasing selling pressure in price action.

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