so finally the long downtrend is at it ends:D with divergence showing on the daily we can expect a strong momentum upward any day now. reasons to buy are the following: 1- divergence 2- break of trend line 3- reaching major support area the only trigger stil needed is the break of the rectangle ( last swing standing) as it will add more probability of an up move for ethereum and eth will start its uptrend( never ending i hope):D lets take a ride on the chou chou train:D BLOCKCHAIN IS THE FUTURE :d
Maybe but it can touch the trend line, no? I think it will rally at some point but I am still bearish especially if looking at higher times like 3 day and weekly. I will wait patiently for it to hit supply or demand zone before trading this. To me, it is just stuck in the middle. Careful trying to predict the next bull run... that's how the whales collect all their money because they keep tricking the masses into thinking it's back. You will know it's back because the monthly and weekly charts will show it. HOWEVER: I do see some reversal signs on the weekly and bi-weekly... but it's not enough for me to act just yet.
There are many alt coins that are at a decision point as well... But I will wait to see what the whales want to do.
snipersfx
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the point is no 1 knows when the bull trend will begin. its our own forecast. we might be wrong but we might be right . there are different reversal signs to look for .. as i look at this chart i can see a potential bullish trend forming. however we are still waiting for that last swing standing to break that would be our trigger for a long entry
mightytrader
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@snipersfx, I agree. I commented though because you seemed very excited and I personally get myself into trouble when I get enthusiastic about PUMPS. When my emotions start getting high, I raise my timeframes. ;)
snipersfx
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@mightytrader, excited for the trend to come yes but nah we follow a system if the things we want are there we go in like any disciplined trader should.
mightytrader
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@snipersfx, Good to hear! I just click on charts that pop-up on the light-bulb feed and didn't know you are already very experienced (i.e. I didn't look at your profile or other analyses). Cheers!
There are many alt coins that are at a decision point as well... But I will wait to see what the whales want to do.