Technical Breakdown

Daily Timeframe

• #1 Box Range Breakout Imminent
  In my opinion there is a high probability breakout to the upside on ETH/USD

• #2 Strong Institutional Buy Zone
  There is also a high probability manipulation dump towards $290. This will be an excellent zone to wait for a bullish price pattern breakout.

• #3 Impulse Wave Losing MOMO and VOL
  Price decline looks pretty exhausted and oversold. Momentum and Volume indicators are declining in strength so there is a high probability bulls may step in very soon! May 2018 is looking bullish.

• #4 Strong Accumulation Zone
  The $250-$300 price region marks a very strong accumulation zone. I wouldn't be surprised if we saw a spike down to these levels. I will definitely be filling up my bags if I see a trend reversal pattern. Price wont stay here for very long so you better be prepared!

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Disclaimer

This is my personal opinion, I am not giving biased recommendations. I am not a financial adviser. Discuss with your advisers before investing in Bitcoin, Altcoins and ICOs.

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