Ethereum - The Best Levels for Buying

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
The price bounced from 185.00 level and dropped to the 1st support zone formed by the strong support level and the local uptrend line. If the price bounces from this zone, it will be possible to search for buy signals from the lower timeframes for short and medium term trading.

If we look at the indicators, we can get several bearish signals from RSI , MACD lines and MACD histogram. These signals tell us that the market can drop below the 1st support and reach the 2nd zone formed by Moving Averages with different periods and the main uptrend line. Buy signals based on reversals will be stronger from this zone.

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It looks like we're trying so hard for another HH but I don't know if the momentum is there. Indicators are showing bearish and we are already at a great higher low formation. We're short but are prepared if we rocket up to a long trade. Thanks again for the great update man!
Yesterday (actually about 8 h. ago) I saw a buy in ETH worth of $35 000 000 at 226.50 SGD (~167$) on Huobi's OTC. Now there are only <1000 ETH orders left, all of them above $168. Another dump incoming?
DLavrov cryptozwerg
@cryptozwerg, I don't see any reasons for the falling. For correction - yes, for the falling - no.
+1 Reply
@DLavrov, thank you for your answer. I was curious since in my opinion ETH is nearing a gold cross, but usually OTC orders are lower in price than the current market one and that made me curious, since such huge buy went on a price a bit higher than the current one. Thank you once again, @DLavrov , for your great work!
DLavrov cryptozwerg
@cryptozwerg, you are welcome)
Thanks for interest to my work!
@DLavrov, yeah well, when one is betting with real money instead of dimes he is looking for just, logical and fair observation. Your are doing it not just very well, but better than 99% of the top authors here. I have learned a lot from your analysis. It is not a compliment for your work, which I follow for more than 1 year, this is a message for those who are willing to learn and trade for real with real money! Thank you!
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