Ethereum Buy Signal

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
The market bounced from MA50 and the support zone . RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level . We'll have to watch for price action near the downtrend line. Because it's a possible barrier for the up movement and price can reverses from this resistance line and falls lower to the support zone one more time. If the market breaks the downtrend line, we'll get additional confirmation for up movement. Long trades can be opened based on the daily and the hourly charts.
Comment: Ethereum can drop to 220.00-200.00 levels.
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good call.....Thanks Mr. DLavrov for your analysis.... God bless you....
I am new to this. For MACD up movement, shouldn't the lines be crossing, i.e the blue line move above the orange line?
nice call!! Thanks!
Why put the stop order so low? Shouldn't stops be set tightly so to minimize risk?
Thank u for sharing. Good analysis. Always. ;-)
Seems like bitcoin/ETH and tech stocks have been correlating lately for some reason. When Nasdaq was falling, so was ETH. Today Nasdaq rallied and so did ETH. Could it be the same big boys (China bank/Bank of Japan/JPM/Goldman, BAML etc) behind the moves? I am afraid next week will be the most important week of the year and it will be binary for all markets as the US health care bill will either pass or not. If it does not pass, expect a global selloff in equity markets. And then I would also expect cryptos to all fall as well. The US dollar may also rebound and may be in a bottoming process now as well. This will compete will gold and cryptos.
We are at the downward sloping trendline now. So watching wave action. On the daily graph seems like it can go a little higher. Maybe time to take 1/2 off and watch for new re-entry.
Sir, I totally agree. Being following this trend by the minute and your analisis looks accurate. Thanks for sharing!
I believe ETH over the next month will have plenty of buy and sell opportunities to keep stacking more coins!
Noob here.. I don't understand your description on the long trades. If you buy above the 280 level why would you set a stop order below the 200 level? Should it be 300 level that way you don;t lose any money.
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