Good afternoon dear steemeans.
As we recommend in our post yesterday (https://steemit.com/cryptocurrency/@chepexx/eth-31-05-2018) the ETH had a drop in its price and could continue to go down a little more, which would give us the opportunity to buy at a better price.
In the 4 hour chart, we observe how the 50% and 61.8% fibonachi level is found, waiting for the market to make a decision.
The stochastic is at level 60 and the rsi at level 50.
we could expect the indexers to go down in this time frame below 30 or oversold area and enter a purchase as close as possible to the 68.1% level of the fibo.
In the 1 hour chart we see better as it almost touches the 50% nvel and the price is falling back.
The stochastic is oversold and the rsi at level 40.
In my opinion, I would wait for the rsi to be oversold in both 4 hour and 1 hour charts and place my purchase order.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.
