Home / Cryptocurrency Daily Price Analysis / “ETH -> is this a dead cat bounce?” by trader protonianarc — published September 14, 2018 — TradingView

“ETH -> is this a dead cat bounce?” by trader protonianarc — published September 14, 2018 — TradingView

So ETH in spite of everything were given it is first *actual* jump because the dumpening of it. It controlled to retrace round 30% again up earlier than discovering some actual resistance.

It’s having hassle breaking ~220USD and there may be a few indicators to be wary of.

1. Volume at the rejection candle. This may well be a signal of absorption of consumers or simply heavy promoting

2. divergence at the obv and rsi , it presentations weak spot at the 2d transfer up.

three. decrease top till confirmed differently

I’ve a pending order at 218usd however I would not need to open a quick at the moment because the R/R is merely now not value it.

IF we do get a third rejection (which is why I’d quick) I’m going to take a look at a quick with a stoploss simply above the native top.

This is a dead cat jump till confirmed differently, will probably be taking a look at 260 and 300 as key ranges.

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