The entire market has made a correction and it is a good time to take advantage and fill our bags with good currencies at a low price.
One of the ones that presented losses was the ETH engine of the ico, and it never hurts to get it at a good price.
When we see the 4 hour chart we see that it rebounded at the 61.8% fibo level and is close to the 50% level.
The stochastic is overbought and the rsi at level 56.
In my opinion, I would wait for the stochstic and rsi to be below 30 and buy at a better price, but at the price that is currently not a bad purchase.
for now it's all friends later I'll be sharing my analyzes and market insights, cryptos, ics and more.
I say goodbye thank you for your attention, have an excellent week.
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.
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