QUICK UPDATE ETHEREUM

Hello my dear steemians, today I come with a quick explanation about my analysis yesterday on the crytocurrency ethereum.

As we predicted the ethereum was very close to a very important and stochastic support and the rsi did not give us signs of a rise, quite the contrary.

Fuente
As we can see in the 4 hours chart, it broke the support area with great force between the 419 and the 400, now the indicators are at very interesting levels to enter into purchase.

my recommendation and what I intend to do is buy ethereum at this level waiting, a small rebound to get some profit and repurchase in the pullback close to this price and stand to take profit near 500 usd.

Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind.