ETH has hit RSI 3 times and is showing serious resistance around 2325-2500, MACD is very close to turning beneficial. I identify the long term trend as upwards and, based on ETHXBT touching the absolute low at 2100 I opt for a LONG position towards at least 2900. As soon as ETHXBT breaks the 2500 I think the uptrend is guaranteed.
Trade closed: target reached:
Went perfectly.