My Top 5 reasons to be bullish about ETH:
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
Comment:
15M time-frame analysis. Get your 14% profit. Next stop 230 (if 186.8 is not broken).
Comment:
The level 189.09 still in the game
