What a ride! After testing $3,000 less than 2 weeks ago we’re now sitting at $4,300 with a 43% gain in the last 14 days.
The long term trend remains intact. We have broken the downtrend line and a weekly buy signal is about to take place on the RSI.
On a daily view the downtrend line was quickly bought. The view is very bullish although a small pullback would be healthy.
The Price Momentum Oscillator is just giving a new buy signal and we should squeeze higher for the next days and weeks.
The 240minute view has a small divergence so I expect a small drop into tomorrow that I would like to increase my position further on.
Ethereum presents a very optimistic daily view as well.
A new buy signal is being generated and I expect Ethereum to go to new highs over the next few weeks.
As for our favorite alts.
Neo is continuing to behave well and is currently our top position.
We should have more upside coming from Neo in the coming days and weeks.
XZC is still behaving well and consolidating after the push .Still liking it long.
Safex is at a good buy point and we’re waiting for it to pop higher.
MUE is also showing strong support underneath and is gradually basing higher. Expecting this one to pop as well in the weeks ahead.
That’s all for this week. Safe trading and lots of profits.