ETHBTC Double Bullish Divergence

POLONIEX:ETHBTC   Ethereum / Bitcoin
If you want to convert a part of Bitcoins into Ethereum , now it's a good opportunity. If we look at the 4H chart of ETHBTC, we can see a double bullish divergence . It's formed by the price, RSI , MACD lines and histogram. The double bullish divergence gives us a strong trend reversal signal. MACD and DMI support upward movement and the daily chart also gives bullish signals. We have buy opportunity. Pending orders can be placed above SMA100 and the resistance at 0.047000 level. Stop orders must be placed at 0.038000 level. Profit targets are 0.055000 and 0.068000 levels.
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thanks a lot for your comments and interest to my work! I'm very grateful!
@DLavrov, can you check out the usd eth chart. eth looks very very explosive
Agree with your analysis. Thanks
Eth will be a good hedge here against bitcoin, latest if both coins break out. In any case I see eth getting some upward traction, Imo it‘s just a matter of time. The no2x situation and mass thinking might be the spark it needs to start the upward movement again.
Hi! How about buying in USD(T)?
for some reason i don't beleive in btc anymore. i think that ethereum is the next number one.
+1 Balas
Thank you for the analysis. I will prepare for it.
May I buy ETHUSD ?
Is the opportunity still good?
+1 Balas
xochoa MohamedSaber
@MohamedSaber, man you need to wait for it to break the resistance line, so whenever it gets over 0.047 BTC you buy, not before.
+1 Balas
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