ProfitCat

ETH and overbought indication

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ProfitCat Uppdaterad   
BITFINEX:ETHUSD   Ethereum
ETH proved to have significant resistance at 1,350. Market will still push ETH up, but there's a big possibility of it dropping to 1,100 or possibly 1,000 level for fueling its movement up later.
Kommentera:
Considering market sentiment, I think ETH has a slight chance of dropping until 800-900 level with 850 as a pretty strong support. For you that has sold on the top, buy back incrementally from 1,000 level. As always, constructive feedbacks are welcomed.
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