ETH High probability Reversal short to $317 & $240 buying zones
There is a potential reversal like was saw exactly back in 2017 as the first wave of the bull run was loosing momentum just as the Macd showed. In addition, the RSI is in the overbought zone just as we saw in 2017, so I expect a reversal of the RSI to the 70 30 range. On the other hand, the volume profile shows us the high probability buy zone (1) in the $ 317 range.
Buy zone 1: $317 high probability (short term- 1,2 weeks)
Buy zone 2: $240 low probability (medium term (3-6 weeks)
Now we can and will see a more distended bull run in my opinion, looking at the Macd 2 lower inclination grades. Now is 68 vs 70 back in 2017.
The plan
Wait for the reversal to buy more :) I am totally bullish long term
ETHUSD
Buy zone 1: $317 high probability (short term- 1,2 weeks)
Buy zone 2: $240 low probability (medium term (3-6 weeks)
Now we can and will see a more distended bull run in my opinion, looking at the Macd 2 lower inclination grades. Now is 68 vs 70 back in 2017.
The plan
Wait for the reversal to buy more :) I am totally bullish long term
ETHUSD