alanmasters
Long

[ETHBTC] Etherum LONG Turn Around [240% PP]

BINANCE:ETHBTC   Ethereum / Bitcoin
So I did two analysis for Etherum, that being for the weekly and daily time frames and they both show an upcoming change of trend.

Looking at the charts again for Etherum (ETHBTC) looks like that's exactly what we will get... Let's take a look:
  • We have increasing volume on the daily and weekly time frames.
  • We are bouncing from oversold on the weekly RSI , which is also showing plenty of room available for growth.
  • The last weekly candle that closed is a reversal candle and it bounced from the same December 2017 low price level. Bullish action about to start.

Trade instructions by Alan Masters

Buy in: 0.0332 - 0.0359

Targets for ETHBTC

(1) 0.0388
(2) 0.0421
(3) 0.0461
(4) 0.0511
(5) 0.0581
(6) 0.0701
(7) 0.0771

Stop loss: Close 0.0313 on the weekly candle. Or below 0.0268 for longer term.

Remember that this game requires patience. After you buy you will be holding, you can set your sell orders on target and later wait to collect the profits. The rest is just waiting. It is all about patience...

Namaste.
Trade active
Comment: Ethereum against Bitcoin is looking solid. Consolidating before the next move.

This pattern represents just that:
Trade closed manually: We are going to be following our ETHBTC trade here:
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Related Ideas

Hey alan can you make eth usd ? we need to compromise on your side
Reply
@emrelg, Here:
Reply
alan, I have been a follower since almost the beginning and I can see you are always being bullish. But my question is, if BTC gets rejected and stays on the downtrend, wont ETH go down too?
+1 Reply
@KERZMES, Yes, this can happen. That is why we have a stop loss. Things can go south and we are prepared for both scenarios.
Reply
How does a person set targets when the exchange limits the sell price to 1000% but the all time high is higher? Does anyone else find it odd that just before a bull run binance starts capping the sell price?
+2 Reply
@knnthmrx, Use the maximum, change when it is getting closer.
Reply
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