TheAlchemist888

ETH USD - Bullish Indicators

Long
BITSTAMP:ETHUSD   Ethereum
Chaikin Money Flow shows a break out about 0 level and a successful retest.
Double bottom confirmed.
RSI showing sign of bullishness.
LL RSI is also showing sign of bullishness.

Major resistance levels are shown in red horizontal lines.

Lets see if it works out.
Comment:
Tried to break out on13th of Dec, rejected but still valid.
Comment:
Breakout above resistance, lets see if it holds.
Tomorrow we have CPI, so beware.
If you are still long, put a stop on 1330 to secure profits.
Comment:
Market is looking good. Money flow is very bullish, TLL RSI is bullish.
I expect ETH to break this next resistance too in the coming days.
For now setting stop loss around 1445 to protect myself and enjoying the ride.

Trade closed: target reached:
Forgot to update this.
Target reached a few days ago, closed position. Will look for re-entry.
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