mcmutton23

ETH Still bullish

Long
BITFINEX:ETHUSD   Ethereum
Bears keep knocking us down at the 315 to 320 mark there is strong resistance to push past. We see it time and time again, there is a strong resistance line at that region. We also find good strong support at 280 to 290, and an overall bullish uptrend on the daily chart. Eth keeps making higher lows, but not higher highs. I am more confident about the higher lows, means bull market is somewhat stronger than bear market and people are perhaps waiting for some good news, amidst weeks full of bad news, driving BTC prices down and bad news for cryptocurrencies in general. Nonetheless, once we pull up past 290 and get a close above 298/300 that should signal another bull market buy in. On the daily we are still above the Ich cloud, still bullish overall. On the hourly is where we have trouble staying in the bull region... if you are waiting to buy back, safe spot is a close above 298 to 300. expect to take profits again at 315 to 320, or slightly higher.. expecting the higher lows to push higher highs. The cloud is telling us that if we stay bullish, towards the end of this month, our new low support line, while still staying bullish will be the 340 to 350 marker, whereas right now it is at about 295, 300.. so expect some higher highs to making moves soon in the next few weeks. Those of us going long, stay long. May the force be with you.
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