The coin that was dropping almost half of the year is looking ready to go up finally. The setup is not perfect but considering the potential, it has taking longs makes sense for sure. You will not make money trading perfect setup but those that are offering you potential.
Ethereum is well known as the altcoin that represents the entire altcoin market. Once we see upside momentum on ETHBTC pair, usually it is followed by the upside momentum of other alts. In 2017 it was followed by entire altcoin market making an astonishing bull run but recently bullishness in this pair caused only majors to move. It is hard to say what it will...
As we can see, Ripple broke above the area of $0.37 that was acting as the resistance. Now as we broke through that area and made perfect retest, we flipped that resistance into the support and we do believe we could see Ripple reaching $0.5 and our main target at $0.57. Invalidation would be close below the previous resistance area of $0.37.
The fact that in 10 years they lost 95% of its initial value says enough...
After making an amazing move to the upside looks like Ethereum is ready for a pullback. If you are interested in buying ETHUSD pair, the blue horizontal area is the first area where buy entry makes sense.
Zoom out and you will see that we are too far from an end, end of the bear market! All three Bollinger bands are pointing down creating downward momentum. We have now attempt on daily time frame to close above top Bollinger band that would invalidate this downward momentum that is active on weekly time frame but we got rejected 3 days in a row from top Bollinger...