ETH/USD - LONG ENTRY - (RSI, CHANNEL CONVERGENCE, TRENDS)

Ethereum (COINBASE:ETHUSD)

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COINBASE:ETHUSD Ethereum

indicator trendanalysis chartpattern ethusd ethbtc crypto blockchain smartcontract altcoin ether ethereum top20

Short term channel (cyan): HAS BEEN BROKEN

RSI is oscillating in channel between: 29.01 - 87.20

Medium term channel (blue dash) : If broken (CRUCIAL AREA), previous support (white) will be tested. = $366.00

Medium term resistance (top white) = Convergence with blue dashed line as well as previous resistance (green) = $336.00 (target #1)

Target #1 = $336
Target #2 = $541

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***

Commento:

Staying well within the confines of the medium term channel (blue dash lines) - We're on our way to Target #1 as predicted.

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