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elk16
Jul 15, 2018 11:00 AM

Up Up and Away Long

Ethereum / DollarBitfinex

Description

After a final dip to support ETH had an Inverse Head and Shoulders played out on the 1hr and 4hr, RSI broke out of wedge creating upward movement. first target is the downward price channel resistance (yellow). I think price will consolidate there for the next move up to target #2. possible bull flag at target #1 and the RSI resistance line creating another RSI wedge. I will be selling if we dip below the last support bounce.

Comment

Also had the RSI positive divergence play out
Comments
johntradingwick
I posted this 1 month ago, still going as expected. Please have a look and leave your valuable feedback :)

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