Hello
Even if I'm very bullish on ETH on a long term basis (on the fundamental aspect but also regarding the chart)
I think we are in a contracting triangle (ready to start a bull market)
Maybe we will reach around 0.021 again to complete the contraction move.
Regarding the elliot waves theorie in ABCDE, maybe we have to do the "E" before really starting the big bull run.
+RSI and MacD seem to be ready to turn bearish on daily time frame.
I know people are now, very enthusiastic and bullish for ETH against BTC, (like I am on long term), but maybe one more leg down before the big party.
Time will tell.
Even if I'm very bullish on ETH on a long term basis (on the fundamental aspect but also regarding the chart)
I think we are in a contracting triangle (ready to start a bull market)
Maybe we will reach around 0.021 again to complete the contraction move.
Regarding the elliot waves theorie in ABCDE, maybe we have to do the "E" before really starting the big bull run.
+RSI and MacD seem to be ready to turn bearish on daily time frame.
I know people are now, very enthusiastic and bullish for ETH against BTC, (like I am on long term), but maybe one more leg down before the big party.
Time will tell.
Trade closed: target reached:
Moon has been reached, even more than expected ;)