Ethereum Update(04/06/2017): No Rest On Weekend, Making New Highs!!!!
Ethereum has hit another new high of $234.5 today. When every other exchanges of world are closed for weekend, their is no rest for crypto exchanges and Ethereum has sprinted to another new high. Yesterday it shut shop at around $217 level and today after opening at same level, it has given 11.13% move on upside till now.
Ethereum had a resistance at $229 level but that has breached and now if Ethereum closed above this resistance today then this script can run up to $253 level and faced resistance their at rising trend line.
But in this upside surge RSI indicator which is 74, is also heating up and showing up over bought level on its meter. Above 70 is considered to be an over bought level and below 30 is over sold level.
One must wait for Today's closing above resistance level of $229 before initiating fresh buy. And any old position should be protected with a stop loss of $211.
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Cool post. Thank you for sharing. Upvoted and followed. Please follow back and check me out @starsteem when you have a chance. I will be doing a giveaway post in the next day or so, dont miss out. Cheers
sure my friend and thanks for stopping by
ETH to me is a buy and hold....add more when it drops as it did....Clif High has this over $1000 in a year.....long and strong :-)
I have a friend I work with from time to time who was asking me how to buy ethereum the other day... I hope he did buy some... It seems to be moving
up in value pretty good...
@pocketechange
Yep it is moving
Hmm i just look at post why ETH will fale ...I am not familiar with all this crypto ...
But you are now a part of crypto and trading is all together different set of game.