mcmutton23

ETH bullish again

Long
BITFINEX:ETHUSD   Ethereum
Had another decline in Eth over the last 48 hours, market is consolidating currently, but we do have a double bottom, indicating that eth bearish market is dwindling, the second double bottom formed a higher low, and there is a slight uptrend currently, although volume looks low and we are getting a narrowing in price action. I think this is a sign that selling power is down, and we will see the bulls rush in over night. I think we are headed back up to 330 for more resistance, hopefully a push through, but now seems like a good time to get into the market if you've been waiting. If you are not too risky, set your take profits at 330. If you are long term, well stay long term and go for the big run to the 400's. Also see a reversal of MACD to go bullish. so we have actually 4 strong indicators saying buy.. 1) double bottom 2) higher low 3) MACD reversal, 4) we have a strong support zone at 300 and 290ish we have been sitting at.
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