Ethereum Becomes Bullish

POLONIEX:ETHUSDT   Ethereum / Tether USD
The daily chart gives us understanding that probably the market reached the bottom. The price bounces from the support zone formed by 500.00 support level and the uptrend line. RSI and a reversal candlestick pattern confirm the price reversal. The bullish divergence gives us a trend reversal signal. MACD histogram tells us that the market is going to move upward. In spite of DMI still confirms the downward movement, the market becomes bullish and it gives us new buy opportunities. Long position can be opened based on the reversal signal from the support zone . For getting additional confirmation that the downtrend is over, the price will have to break the downtrend line. It will be a new buy signal based on the breakout.
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Can ETH hit 4000 $ this year ?
Do you think we will see a bounce off the uptrend line, and possibly break the down trend line this week?
Always love your TA!
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BatterT D4rkEnergY
@D4rkEnergY, please stop this gay nonsense
+4 Reply
dpullell BatterT
@BatterT, d4rkEnergy is everywhere
DLavrov D4rkEnergY
@D4rkEnergY, sorry, but who are you?
+1 Reply
@DLavrov @MagicPoopCannon @D4rkEnergY Can we buy it now?
It will going up now? Are you sure ? I intend to buy all money for ETH now?
PLease suggest for me?
+2 Reply
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