Time to Long ETH once again for the lulz

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETH has been massively sell by noobs who bought the FOMO on 2017-2018. Depression has been set, hope has been lost for most.

A relief rally will come, in the worst case scenario an exit pump will happen, either way i'm projecting a 90% gain from current price.

Be safe.
Trade active: Big buys today, there is big interest by heavy wallets in this level. It should break up anytime now.
Your chart shows a very strong 1W Channel Down where the price is approaching a Lower High which will end of the 1D Triangle. A bearish break-out is more likely to take place. Our TP is 176.16:

rexlomax InvestingScope
@InvestingScope, That's a possibility indeed, but looking at the massive volume that was posted in this level i'm expecting a bullish move
Scotty_Crypn InvestingScope
@InvestingScope, your chart and words are a great example of why TA alone is garbage.
Looks like Ethereum is on the mixed area:
* Above the major counter-trendline
* Below the short-term up-trendline

Best regards!
rexlomax CryptoComes
@CryptoComes, You're watching too close
actually time to long alts :)
rexlomax SamHuynh
@SamHuynh, i thought ETH was an atl? :D
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