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Ethereum: There is something going on. Let's make a Plan!

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Sometimes it is worth to check out other Timeframes than the ones you're used to.
I usually check 1-hour, 4-hours and 1-day Candles - but of course technical indicators can be applied to all kind of Timeframes in-between. And sometimes you can see profitable Setups that are not obvious on the default ones. So why not check 45-minutes? Or 2.5-hours?
Talking about Ethereum , there are multiple bullish Divergences on the 2-hour Chart. My Script "AutoDivergence" is applied to the Chart three-times to detect Divergences of Price vs. Momentum, CCI and MACD . In this case, AutoDivergence detected bullish Divergences agains CCI and MACD - so these could be signals that indicate a Trend Reversal.
As an additional confirmation for this - we can have a look at RSI: it was oversold but is rising again.
Alltogether - this seems to be a nice Setup for a Long-Trade.
The Plan is to wait until the Trendline will be broken (I'll create an Alert for this) and then enter the trade - either if the crossing-candle is a green one, or if lower timeframes give additional indication that Price will start to rise.
In case that all conditions to enter the Trade are true - the Profit Target will be the weekly Pivot at 182.
Let's make some money ...
Trade active: Another bullish Divergence showed up + Trendline break occured:
Use Coupon-Code "10off" to get 10% off of the monthly http://bit.ly/AutoDivergence fee. Valid until October 31
GET THE CCIDivergence STUDY FOR FREE: http://bit.ly/CCIDivFree
AUTODIVERGENCE IN ACTION: http://bit.ly/AutoDivVideo
https://tradingclue.com/

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