Not a professional and just getting back into trading.
However, after studying ETH, I have found that the trendlines I drew are pointing to an intersection, the late three days have stayed within a sine wave oscillation, and the stock will need to break out of this cycle before I feel comfortable buying. The top of the sine wave is where I would want the next support level to be. I would watch for that support level to be tested twice before going all in. I'm a long trader, and right now there is so little volume that I don't see a break out anytime soon.
However, after studying ETH, I have found that the trendlines I drew are pointing to an intersection, the late three days have stayed within a sine wave oscillation, and the stock will need to break out of this cycle before I feel comfortable buying. The top of the sine wave is where I would want the next support level to be. I would watch for that support level to be tested twice before going all in. I'm a long trader, and right now there is so little volume that I don't see a break out anytime soon.
Commento:
Typo