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Long

ETH - consider accumulating

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Despite the recent bear market, we have been presented amazing opportunities to stock up on coins. Even though ETH has fallen to lows of below $500, it is still a coin that I am very bullish on and I think will be one of the heavy gainers in 2018. That being said, this is one of the BEST times to be accumulating. I scalped some Ethereum at $460 a few days ago and I am very excited to see it rising above $500 again. Take a look at the graph, connecting all the relative lows we have some resistance around the sub $600 range. We can see that the RSI on the daily chart has fallen into the oversold zone for the first time in this bear market, as well as the fact that the MACD is about to have a bullish crossover and the histogram is starting to flip. These are two very bullish signs, and considering that we've had 2 green days in a row, we may be returning to a bull market and Ethereum will be shining again. Best zones for accumulation are under $500, but don't get me wrong I am still accumulating under $630 because that is a steal. Think about how in December we were praying Ethereum would fall under $900 alone. I still have my goals of $5,000 by the end of the year, and despite this bear market I still believe that to be true.
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