[ETHBTC] Etherum LONG Turn Around [240% PP]
Updated
So I did two analysis for Etherum, that being for the weekly and daily time frames and they both show an upcoming change of trend.
Looking at the charts again for Etherum (ETHBTC) looks like that's exactly what we will get... Let's take a look:
Trade instructions by Alan Masters
Buy in: 0.0332 - 0.0359
Targets for ETHBTC
(1) 0.0388
(2) 0.0421
(3) 0.0461
(4) 0.0511
(5) 0.0581
(6) 0.0701
(7) 0.0771
Stop loss: Close 0.0313 on the weekly candle. Or below 0.0268 for longer term.
Remember that this game requires patience. After you buy you will be holding, you can set your sell orders on target and later wait to collect the profits. The rest is just waiting. It is all about patience...
Namaste.
Looking at the charts again for Etherum (ETHBTC) looks like that's exactly what we will get... Let's take a look:
- We have increasing volume on the daily and weekly time frames.
- We are bouncing from oversold on the weekly RSI, which is also showing plenty of room available for growth.
- The last weekly candle that closed is a reversal candle and it bounced from the same December 2017 low price level. Bullish action about to start.
Trade instructions by Alan Masters
Buy in: 0.0332 - 0.0359
Targets for ETHBTC
(1) 0.0388
(2) 0.0421
(3) 0.0461
(4) 0.0511
(5) 0.0581
(6) 0.0701
(7) 0.0771
Stop loss: Close 0.0313 on the weekly candle. Or below 0.0268 for longer term.
Remember that this game requires patience. After you buy you will be holding, you can set your sell orders on target and later wait to collect the profits. The rest is just waiting. It is all about patience...
Namaste.
Trade active
Note
Ethereum against Bitcoin is looking solid. Consolidating before the next move.This pattern represents just that:
Trade closed manually
We are going to be following our ETHBTC trade here: ![[ETHBTC] Ethereum LONG Turn Around [240% PP]](https://s3.tradingview.com/s/sqoIZ1rK_mid.png)
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