- Stocastic and divergences make great buy in areas for major retracements on a strong chart in an uptrend.
- RSI and Divergences observes on ETH 4hr Chart
- ETH is without a doubt both strong and in an uptrend
- $850-$900 is a great area to add more or buy into ETH
- I used this method to set limit buys for the last major retracement and it worked very well for me.
ETH retraces to the very end of the Bearish Divergence at $950 and bounces.
I still feel it needs to move lower to fully correct the Bearish Divergence. If you look below, the Bearish Divergence still exists, although slightly less severe now.
Buy Target is still 850-900