Ethereum ( ETH/USD ) - Latest Update: Buy Opportunity

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
A buying opportunity has presented itself at the level as indicated on the chart. This would be your last chance to enter the Ethereum long trade at this level. Once price leaves the area, it will not return. This pro trade is aimed at maximizing profit over a short term basis as does not represent the full upside potential of Ethereum . Good luck!
Comment: Feeling the warmth of the rocket engines now.
Comment: Target locked on. All aboard. Standby ignition. Counting down.
Comment: Price fell through the bullish cloud and is approaching our stop loss level. I would not be surprised if we see a swift reversal to the upside from here soon. Nevertheless, If our stop loss is triggered, then we have a chance of re-buying at $440. I anticipate that price will retrace very quickly from there. Rest assured this pullback does not affect the overall bullish bias in Ethereum. Happy trading!
Comment: *bullish channel (not bullish cloud). Sorry for the typo.
Comment: Here is an updated chart with levels to buy for profitable long term trades.

Comment: My friends, we are very close to our Trade Entry #2 zone. At the same time, Bitcoin has reached a fortified support wall around lower $6400 where I anticipated that price will very soon catapult to above $7k. Make your own decisions and due diligence.
Comment: We have reached Trade Entry #2 for Ethereum, which is a reversal zone. A long trade from here will yield good profits over the long term.
Comment: Price came down to $424.69 earlier and it is still in the zone. Expect another retest at the bottom because that is what I see in the Bitcoin chart. Read my latest BTC analysis if you want to know more about it.
Trade closed manually: Refer to my latest Ethereum chart. Thank you.
You gotta give it time to play out. We could be forming a bear flag, a continuation pattern. I guess you could buy now if you have a tight enough stop loss to anticipate a higher low, but we failed to print a higher high which suggests we are still in a bear market.
bibboyne dcardona1
@dcardona1, thanks for sharing your well thought out opinion.
What is happening ?
bibboyne ANN777145
@ANN777145, I believe BTC is making a pullback to break the previous high, which affects the price of alts. Imho, this will end very soon.
ANN777145 bibboyne
@bibboyne, I believe you :)))
Once again we have similar outlook.Yesterday I saw an entry pretty much at the same level as yours
Glad you are too worry about price closing below your SL (but minding those spikes, i split mine at a few different level)
We got a retest of the triangle TL and that's positive, long doji and hammer candle show indecision (or reversal), only macd/rsi bug me a little, but will see.
And again, yeah, if that breaks down, then 430 is next.
Good luck !
bibboyne lady_luck
@lady_luck, On the contrary, I am not worried about the SL getting triggered. Entering a long trade at these levels is a gift. A month from now, people will look back at these prices and regret over not buying more. Thanks for sharing.
lady_luck bibboyne
@bibboyne, i'm sorry, typo, i meant "glad you are not too worry" :)
bibboyne lady_luck
@lady_luck, ah.. no worries, my friend

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