The market bounced from MA50 and the support zone . RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level . We'll have to watch for price action near the downtrend line. Because it's a possible barrier for the up movement and price can reverses from this resistance line and falls lower to the support zone one more time. If the market breaks the downtrend line, we'll get additional confirmation for up movement. Long trades can be opened based on the daily and the hourly charts.
>>2648788
I wouldn't buy at $300 unless you're going to set stops or watch it like a hawk.
Market digested all the questionable news and FUD and bounced back, though.
I hate to be the guy to pull out the meme chart but this sure as fuck looks like the "return to normal" part.
>>2648788
315 and rising
>>2648805
give it a week ether will go back down to sub-$250 level
>>2648825
>reminder that any graph can be made to look like this with creative zooming, and that ether could be anywhere on this graph
>>2648845
Sure, but the 40x growth in the past couple month sure as hell makes etherium a good candidate for the meme chart. The flippening almost happened just a few months after the DAO fork incident for chrissakes.
lel