giorgiovie

ETH buy a bounce at 1470-1490

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BINANCE:ETHUSDT   Ethereum / TetherUS
ETH lost the ascending channel and is back into the old descending channel, the BTC crashed has involved all the crypto market, ETH as well with damage to the chart and bullish view, now after the sell off we can look at a spot where a bounce could happened and i think is between 1490 and 1470, infact 1490 is the low of the day so we can get a double buttom there and 1470 is a support line as there is 1H and 4H demand, stop could be placed at 1449-1458 and we can look at the upper end of the channel and MO as a high end TP; RSI 15 M is overbought and 30 M is getting there so we can get a pullback to the support area to get RSI reset
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