Ethereum - ETHXBT - Daily - SuperTrending market - Buy Zone

5635 4 37
The 1800% rally from the low in Ethereum             has to be one of 2016's greatest so far:

When a market is so good,it doesn't get oversold to allow everyone to get in.

I'm no expert on ETHXBT             fundamentals, but I like the story and I am late to the party. Distributed computing sounds very promising, but also the violent downside is clearly evident in this chart. ETHXBT             is off 30% plus from the high in the last week. Now that is volatility .

Look at how there are no CCI (11) readings of -100 during the entire rally. That is impressive.

We are nearly oversold here and we are nearing the 50% speed-line support from the low of this current trend to the high.

Keep your stop below the blue "buy zone" labeled here. Your tolerance for risk will determine how much you can buy and give yourself at least 6% below that blue buy zone area for a stop loss and size your position accordingly.

Also: Do you due diligence on ETHXBT             so you won't blame me if this trade doesn't work out.

Tim West

March 17, 2016 11:50PM EST 0.26270 last ETHXBT            

Comment: Right on track with two entry tests of the very bottom of the forecasted "buy zone". BTCUSD is stuck in a triangle, so a breakout in BTCUSD one way or the other might induce new activity in ETHXBT, but I'm going to try to stay on top of this trend.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
My only concern is the range expansion validation, but it looks really good so far, whereas BTC is looking more and more bearish.
It's going north.I like your chart,very nice colors! ;)
+1 Reply
What is your CCI length?
+1 Reply
Perfectly in tune with my EW count:)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out