The HUGE BULL RUN on ETH and Ethereum token is coming!!
Greetings everyone! I think we can have major uptrend on eth/btc together with most of alts along with ether token after months of boring range accumulation.
So the hopeless sentiment about tokens and eth after 2+ years of downtrending along with range many people even forget it and a lot give up or going to trade leveraged btc instead this is also one reason btc hype but it will be changing one day.
Believe it or not blockchain and crypto token project isn't dead this is still going many staff and developer is however working actively.
Naturally many unsolid projects died, but that normal this can be comparable to natural secretion and this is a good news company with weak management of funds or unsolid projects are gone this one reason a crash can be good now we are ready to go up.
Of course an even dead project can go up or make a exit pump but it will be corrected very fast like a pump and dump.
This is probably one highest opportunity of the year!
What I'm saying above work for eth but also for all eth erc20 token maybe also some others alts!
Now let's look at technical on analysis eth.
On 1D
Look like about to do a clean breakout in a double bottom with trendline breakout and now still above in addition to it make higher high and lower low.
On 1W
Same as daily but on RSI seem like a breakout and pull back, this is also a reliable target at 38%
On 1M
We have a great bullish engulfing candle but beware because not closed yet but it might get better too.
Not analysing USD chart because it also correlated to btc that I don't have really same view right now but its possible to do something called hedging so shorting btc and long eth to play only the eth btc movement in addition not showing lower time frame charts here because nothing to say more than the daily one.
About target same as saying above 38% retracement at around 6900 and of course higher target like 50% at around 8500
/!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\
Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading have a good day!
So the hopeless sentiment about tokens and eth after 2+ years of downtrending along with range many people even forget it and a lot give up or going to trade leveraged btc instead this is also one reason btc hype but it will be changing one day.
Believe it or not blockchain and crypto token project isn't dead this is still going many staff and developer is however working actively.
Naturally many unsolid projects died, but that normal this can be comparable to natural secretion and this is a good news company with weak management of funds or unsolid projects are gone this one reason a crash can be good now we are ready to go up.
Of course an even dead project can go up or make a exit pump but it will be corrected very fast like a pump and dump.
This is probably one highest opportunity of the year!
What I'm saying above work for eth but also for all eth erc20 token maybe also some others alts!
Now let's look at technical on analysis eth.
On 1D
Look like about to do a clean breakout in a double bottom with trendline breakout and now still above in addition to it make higher high and lower low.
On 1W
Same as daily but on RSI seem like a breakout and pull back, this is also a reliable target at 38%
On 1M
We have a great bullish engulfing candle but beware because not closed yet but it might get better too.
Not analysing USD chart because it also correlated to btc that I don't have really same view right now but its possible to do something called hedging so shorting btc and long eth to play only the eth btc movement in addition not showing lower time frame charts here because nothing to say more than the daily one.
About target same as saying above 38% retracement at around 6900 and of course higher target like 50% at around 8500
/!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\
Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking.
Feel to share your thought in comment I always read all and try to answers if possible.
Thanks for reading have a good day!