Etherlong
Ethereum cup and handle pattern with 3,800USDT target. $ETHI'm watching this 4h cap and handle pattern to break out on ether chart.
Target for this pattern is 3800-3900USDT.
Supertrend has flashed buy signal but for break out we need the neckline to be broken/ 3420USDT/.
Favorable preconditions can be MACD bullish cross, Ichimoku and Bollinger upper band to be broken at 4h timeframe.
ETH returns to basic supportLately we saw a huge impulsive wave wich is now followed by an ABCDE correction wave.
In the upcoming days we are going to see ETH going below the 400€ mark where the correction will stop at something around 350€.
Allthough there my be a possibility of an ongoing downward move in the regression channel I strongly suspect that we should return to the healthy linear growth we had in 2017.
Good BUY opportunitys should be below 400€ with a great growth potential in 2018.
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All trades on your own risk.