If we hold in this zone, we have more than enough reasons to hold our long term longs, and once the trend fires, we can focus on intermediate term and short term trading signals to complement our investment/position trade.
Potential upside in the short term matches the monthly mode resistance, so it is extremely logical and likely to see price go back to the 10 handle or close. I'm interested in seeing if we eventually break it, and hold above, to confirm further, potentially incredible upside over time.
It could retrace a bit, but likely continuing higher. It could easily reach the 2nd target, or go twice as far in the short term.
Didn't get low enough to add...
If we close and hold above 9.86 we can expect further (and very significant) upside eventually, let's wait and see.
I'm still holding.
We have some shorter term opportunities here, I think we won't go back to our entry ever again, ideally, we want to see the market hold in this zone above the light blue box, and consolidate until it breaks the long term resistance above. It will probably take until March give or take, you can buy oversold dips since the daily trend is now up. After it gets oversold, buy into strength.
Monthly resistance still implies it'll take 2-3 months to break out of the monthly accumulation range, so, be patient.
I see it in a strong uptrend.
I'm long from the green box zone.
Also buy volume is decreasing. Due to the timeframe i only would think about a retracement, then long all the way up.
Volume might be fake, so, it's hard to say, for me, the $ETHEUR chart presents clearer signals, and I'd rather trade at kraken than at poloniex anyway.