My Top 5 reasons to be bullish about ETH:
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
1) Important support on 189.09 due to ABCD pattern is not broken because there was no a day candle below this level.
2) We can see the Morning Star pattern on the Sep 09 daily candle
3) We can see abnormally high-growing trade volume during the last 7 days which is a strong sign of the trend change.
4) The drop of buyers who bought ETH in extraordinary huge volumes during Sep 13-14, 2017 had happened.
5) RSI bullish divergence.
MY SUGGESTION is STRONG BUY!
P.S.
The downtrend may continue if ETH close this week below 189.09 (10% possiblity).
Note
15M time-frame analysis. Get your 14% profit. Next stop 230 (if 186.8 is not broken).
Note
The level 189.09 still in the game
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.