The market could not stay below 300.00 level and came back above it very quickly. RSI confirmed price reversal from the support zone formed by 286.00 and 280.00 levels. MACD supports upward movement and DMI allows opening long trades. It's buy opportunity. This time we can place pending orders above the local swing high at 320.00 level. It will be good opportunity to add new volume to the opened long trades. Stop orders should be placed at 286.00 level. The main profit target is 390.00 level.
Can we buy now or wait for at 320 to buy ? target 390?
Vasyan2000
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Thank you for great ideas!
personemail
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oh ascending triangle is a bullish sign?
yarr
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@personemail, Yes, I'd say now is good chance to buy. Remember: Byzantium mainnet launch @ 17th of this month!
PatrickBoutin
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@yarr, do you mind elaborating on Byzantium launch on 17th please? Is that going to be an ETH hard fork? And will that be on Oct or Nov? (I had heard it would be Nov). Thanks!
personemail
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Rising wedge pattern. Goldbug say sellshort. Oh fuck. What do you think?
yarr
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I agree within your technical analysis as stated here:
TheSlimFool
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Do you have any guess on when ETH will reach that main profit target?
TheSlimFool
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@TheSlimFool, Great chart btw! @DLavrov always nice work here. Keep on keeping on!