ETH on the 1d log scale.. accumulate and launch..

the metropolis release will restore faith in ETH and the team and people will remember that 100.-- were once 10.-- and all that matters is the percentage..
weak hands panic selling are creating opportunities for others to buy in.. we should thank them :-)

Comment:

if the .3 fib can give ETH enough support to bounce we will know soon :-)
if it breaks we will go down to .5 first.
glhf !

Comment:

broke .3 -- but volume is increasing an the chart shows a small bullish divergence..
looks like .5 is going to resist the bears...

Trade active:

so we had a nice double touch down and while the 0.5 fib level did not resist much (we are actually above it again) the green trendline held pretty well and a reversal is very likely.. i'm going to bet on it :-)

Trade active:

this is where it gets interesting... the cloud acts as resistance - as does the red line, we are oversold but rsi is perfect.. volume is increasing..

i'm guessing here: we will see a small push back and another try to break through the cloud and confirm a new uptrend in the morning

Trade closed: target reached:

expecting ETH to come down now..
not for long because i believe that ETH is a very good coin with good marketing and a bright future..
but the resistance seem to high for now..
let the bears have another run and then push back with full force !!!