Long

ETHUSD || LONG (MID - TERM)

Updated

Prices bouncing off of extremely oversold conditions compared to the entire history of Ethereum (weekly)
I see a potential mid term trend reversal based on strong technical indications & since Ethereum's Constantinople Hard fork is round the corner, fundamentals are straight away calling for a bounce.
Any weekly close below $90 level would invalidate this analysis and Ether would continue to capitulate.

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Support curve still intact.

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Price nearing the buy zone again.
Is it a good time to buy?
Yes.
Keep stop losses just below the support curve and your trade shall be good to go.
R/R is excellent in this scenario.

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Prices testing the historical resistance areas once again. Just like the LTC trade, these areas should be broken upwards with conviction or we'll end up having a double top situation.
Lets hope for some buying actions!

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Hate to say it but Ethereum not looking good at all.

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surprisingly enough, Bulls truly are doing a good job defending the lows!

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1st Target

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Just a couple of bucks shy of target 2.
Trade is doing well until now.

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Target 2

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6 months.
Still maintaining a bullish posture, wicking off of the third and final big resistance.
The ETHBTC pair looks rekt although.

varunsm0812

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