ETHO local stalemate

2021年7月19日

ETHO continues to test levels of resistance. After last attempt it found itself in a stalemate between buyers and sellers. Indecisive RSI in combination with EWO change could give an impression of price decrease, but MACD gives two additional sources of information, that give us an excuse to expect more positive outcome. MACD brings to the table wave pattern change and expected point of convergence. Additionally, at the volume chart in the highlighted zone you can see interesting volume spikes, that usually indicate a zone of balance. If there is going to be a breakout, buy setup below will help:
Buy price: 0.0685- 0.0705
Take profit: 0.0795
Stop loss: 0.0640