Great low risk buy spot here for $ETH/$USD with multiple confluence.
Retesting the super important $400 breakout spot that cause a explosive rally before.
Oversold on the stochastic on the weekly, 3d, Daily & 8 hour chart.
4 hour bullish MacD cross & the 8hr MacD is about to confirm a bullish divergence.
Stops at 340.
The chart shows the bull & bear cycles of ALT season- Currently in a bull cycle.
The previous 2 ALT seasons had a large rally before pulling back and continuing.
2016 season pulled back to 61.8% followed by a 345% rally.
2017 season pulled back to 50% followed by a 321% run.
2018 season (CURRENTLY PULLING BACK) Looking to find a bounce on either the 50% or...
The cycle shows the cycle of alts.
During the green box period ALTs are in their bull cycle. Focusing on buying as low as possible will maximise ALTs historically.
Red box cycle is when historically Alts pullback and it's a good time to sell and hold $BTC value.