So I did two analysis for Ethereum, 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.
Stop loss: Close 0.0293 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…
Thanks for the great update! We're prepping for a long position as well. I know this is ETHBTC but I think we could see a similar play on ETHUSD as well. Just wanted to share our perspective. Cheers mate!