The Perfect Time To Buy Ethereum?

in #bitcoin8 years ago

Ethereum could very well become the new bitcoin. It's sitting at $815 and we should see it go up very soon. In the bearish market we usually have this time of year in Bitcoin, there are other coins that tend to go up in value. Can Ethereum do this? If you look at its chart a few things come forward.


First off the EMA 13 is dipping below the EMA 34. This is a very simple form of day trading. When the Red is below the blue, buy. When the red is above the blue, sell. 


Another is look at the MACD. As you can see, the histogram is below the Zero mark. Another indicator we should be buying. 


The RSI is approaching 20-30 which is another great indicator that we should be buying right now. When the RSI is at 40 we buy. When it hits 70, we sell. This is a very simple way to read RSI,  but it works


Another thing is if we switch the chart to 1 Day, the Bollinger Bands are becoming more narrow. When the bands become more narrow, we should expect a breakout very soon.

I recommend buying Ethereum with good profits in the near future. Due to the above reasons. 


Legal Disclaimer: I am not a  financial advisor nor is any content in this article presented as  financial advice. The   information provided in this blog post and any  other posts that I make   and any accompanying material is for  informational purposes only. It   should not be considered financial or  investment advice of any kind.  One  should consult with a financial or  investment professional to  determine  what may be best for your  individual needs.
Business email: [email protected]

Sort:  

Thank you for what you share is very helpful