ETHUSD 130-167 likely area to find reason for a longer-term
potential reversal zone for high-time frame (daily) traders. Levels established by initial demand zone after Q1-Q2 2017 ramp. Interestingly, this area would likely print a RSI higher low, on a price level lower low which would also be a bullish indicator - looking specifically for lower volume on the selling following by rapid demand and expanding buying pressure. In the event of a real reversal, you shouldn't have much time to buy the dip - something to keep in mind when considering if it's a real local bottom.
Recent chart I posted about Ethereum targeting 300s looks now less probable than this 130-167 dip in the short-term, but would still be targets if this dip is followed by the reversal mentioned above.
Recent chart I posted about Ethereum targeting 300s looks now less probable than this 130-167 dip in the short-term, but would still be targets if this dip is followed by the reversal mentioned above.
