DLavrov

ETHBTC Double Bullish Divergence

Long
POLONIEX:ETHBTC   Ethereum / Bitcoin
If you want to convert a part of Bitcoins into Ethereum, now it's a good opportunity. If we look at the 4H chart of ETHBTC, we can see a double bullish divergence. It's formed by the price, RSI, MACD lines and histogram. The double bullish divergence gives us a strong trend reversal signal. MACD and DMI support upward movement and the daily chart also gives bullish signals. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance at 0.047000 level. Stop orders must be placed at 0.038000 level. Profit targets are 0.055000 and 0.068000 levels.

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