RSI confirms bullish divergence and price reversal. MACD supports upward movement. The price has to break downtrend line and resistance line to get confirmation of further upward movement. If the markets meets our conditions we are able to add more value in our long term trade. Some profits should be taken near to the resistance line at 488 level.
If you are unsure about current conditions then I'll recommend to be patience and wait for another trading opportunity.
Trading information: Buy: Above 455 Profit target: 488 Long term target: 554 Stop-loss: 407 / 420
Things to remember:
To trade safely I recommend using stop-loss function in case something goes wrong.
It's better to wait than to regret. This is important when you are doing long term investments! Knowledge behind of your trades gives you success, more often!
Always be aware of things, trends and events what's happening around the current crypto you are trading. They may have big impact on the price movement!
You are responsible for your trades and it's important to do your own research before investing!
Any questions or need help? Feel free to leave comments and feedback! Yarr!
Yep. ETH looks like it want's to stretch it's legs. I think LTC had it's blow off right below 150 like BTC had.
makavelie305
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Question is I'm look @ the 3 day RSI and Chart. Seems as the we still need to have a major correction before a new all time high. It seems as this is a temp push or a swing trade
Milfraptor
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where can we read/get information about trends and events which may impact current crypto's price regulations?
Regards
yarr
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@alisina, for example I like to use twitter, coinmarketcal and cryptopanic. Not using solely these but these are examples of many :)