Possible bullish divergence occurring with ETH's price and RSI. See arrows below. (i.e. lower lows in ETH's price, but higher low in RSI). Additionally, we are at the bottom of the channel. So, here's what I'm looking for in an entry into ETH:
- Bottom of the channel and a bounce off support at around 700 to 720 - almost there
- RSI bullish divergence - almost there
- A reversal candlestick - almost there
Update to previous post:
https://steemit.com/ethereum/@jagr/eth-that-ta-update-eth-usd-usd960-feb-3rd-2018