ETH/USD Long (Moon Chart) Ethereum

Indicators

1. SMA 5/10 cross over (short term indicator generally but I use this on all time frames)
2. BBands opening up
3. ADX above 20
4. +DMI bullish
4. OBV bulish
5. MACD 1 day bullish (crossed have to zoom in)
6. RSI trending bullish

Chart

Massive ascending triangle which gives ETH approximately $265 to rise from where the breakout occurs.

Target Price

Long target price $600 - $650.

Other

This is 1 day chart most bullish indicators are visible here. For a better look see 8hr/6hr chart.

Thoughts

Please let me know if you agree of disagree I'm always open suggestions and comments.

Disclaimer

This is NOT trading advice.
*Perform your own due diligence.
*Trading decisions should not be made based on this information.
*You agree not to hold the author liable for any losses you may incur based on this information.

Comment:

Link: news that could have a positive impact in the near future.

www.bloomberg.com/ne...cy-should-be-scarcer

Comment:

I'm bearish on BTC and as of right now it looks like ETH is following. If that continues to be the case the two support levels (dotted and straight lines) need to hold for this chart to remain valid.

If anyone is interested in seeing my BTC chart let me know and I will publish it.

Comment:

Link: ethereum derivatives a real possibility.

www.bloomberg.com/ne...neer-of-credit-swaps

I would say it's a good time to tighten up your moon boots. Next major resistance is ATH.