[ETHUSD][950%+ PP] Ethereum Long Term Trade (Targets)

Ethereum is coming out of the dead just like some of the other major altcoins within the cryptocurrency market.

I am looking at it from a long term perspective, this is the weekly time frame chart; each candlestick consist of 7 days.


ETHUSD Weekly Chart Analysis

• The first thing to look at is where the price bounced, which is at May '17 breakout point. So even though we are going to be looking at very promising signals, this can go down again after going up for a few weeks.
  
  
• We have huge volume now, which goes well with the bounce from strong support. When the weekly candle closes this produce another bullish signal.
  
  
• RSI is coming out of oversold and trending up with good momentum.
  
  
• MACD bullish cross.
  
  
• Many more signals can be appreciated by looking at the shorter time frames, such as the daily time frame.
  

ETHUSD Targets by Alan Masters

(1) $150
(2) $200
(3) $275
(4) $333
(5) $400

Note: More targets on chart.

Stop loss: Close weekly candle below $83.

Buy in: Up to $135.

Capital allocation: As much as you want.


LIFE CONTINUES

Regardless of how much we grow and how much we pray...

Life goes on.

So stand UP!

And do what needs to be done TODAY!

Namaste.

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Comment:

On the daily chart, we can see that ETHUSD is trading safely above EMA10, which is bullish in nature and more when the curve up is so strong (green line on the chart).

The MACD histogram favors the bulls/green and green/bull volume has been increasing as well.

The RSI is also on the bullish side.

Half next week can be a nice surprise... Maybe... What's your take? When will ETHUSD move up strong?

Namaste.

Comment:

ETHUSD Targets by Alan Masters

(1) $150 - Reached 23-Dec.
(2) $200 - Next target.
(3) $275
(4) $333
(5) $400

Comment:

We are now going to our second target.

$200 is the next target.

Enjoy the profits.

Namaste.

Trade active