alanmasters
Long

ETHOS Breaks Its Downtrend, Bullish View & Targets! @alanmasters

BINANCE:BQXBTC   ETHOS / Bitcoin
ETHOS ( BQXBTC ) Has now broken its downtrend from the 02 April 2019 high and is preparing to move up strong... Feel free to hit like now, and let's get started with this altcoin project.


ETHOS ( BQXBTC ) by Alan Masters
  • First we have the red trendline I mentioned above, this one has been broken and it is extremely easy to see the massive increase in trading volume , two huge green volume bars.
  • We also see a break above EMA5 and EMA10, giving this pair bullish potential (trading above it today, this signal only confirms after the daily candle closes).
  • So we can see the break above the trendline and EMA10, both being confirmed by above average volume .
  • The MACD is showing a bullish crossover ( MACD crossing up the Signal line).
  • We can also now spot the classic bullish divergence on both the MACD and RSI . These signals are so simple and easy to spot, that even a 7-year old can do it... Take a look at the purple arrows...
  • Next target is EMA50 (0.00001425) followed by EMA100 (0.00002010). Additional targets are marked on the chart. (We can also use fib. proportions to extract our targets.

Conditions for change: If BQXBTC moves lower and closes below 0.00000700 on the weekly scale/time frame, then the above signals become invalid and a new analysis is needed.

Always remember to use a stop-loss when trading...
Always remember to support your hard-working authors...
Always remember that we are deeply grateful for your support...
And even though we work for money on top of pleasure... we are happy in just knowing that this information can be of assistance to your growth.

Namaste.
Comment: Always have a plan set up before you start to trade.

Make sure to do your own research before buying any altcoins.

Use only money that you can afford to lose and always take your time before taking action... If one opportunity goes away, another one will come and takes its place.

Namaste.
Comment: First target reached.

(1) 0.00001350 -Reached 9-July (+29%)

Enjoy the profits.
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Related Ideas

finally this shit is moving thank you
+1 Reply
@Don_Llama, My pleasure.

Thanks for the support.
Reply
thank you for your content, i love seeing traders learn and share their knowledge, hope you are also taking value from my content
+1 Reply
alanmasters transparent-fx
@transparent-fx, Appreciated.
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