Ethereum Bullish Divergence

POLONIEX:ETHUSDT   Ethereum / Tether USD
The price diverges with MACD and RSI and it gives us trend reversal signal. The key level is 400.00 and if the market bounces from this level, we should be ready to see further upward movement. Long trades can be opened based on a breakout above the downtrend line. Entry level is 430.00 with stop orders at 386.00 level. Profit targets are 480.00 and 550.00 levels.
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thank you, great analysis
i like the accuracy of your analysis, very good!
What do you think about Europecoin? It's going to be listed on russian exchange tomorrow.
Great call, we have seen this 2 times before.
I have followed you for a bit. I feel this is premature to call a bullish divergence so quick based off macd and rsi. Each correction in the past has never been over in 2 days. eth chart points to a downward pointing triangle and it have traveled in the channel unless and its apex is around 350-330. So I expect eth to go to mid 300s and btc has a similar down trend pointing to low 8k range before trend refersal now unless it impulses big out of that channel that count should still be valid.

I feel like we forget how downtrend works and this type of correction isn't over in a week and we make the same mistake during every downtrend. I think we see this downtrend until next week and possible divergence after that. We will see fake brakeouts until then.
+5 Reply
MiljanMarkovic nitinkumar00
@nitinkumar00, SPOT ON!
dariushmaatoon007 nitinkumar00
@nitinkumar00, you were wrong...
Heinrich1263 nitinkumar00
@nitinkumar00, HAHA OR NOT
marwans nitinkumar00
@nitinkumar00, wrong
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