Good morning everyone, time for an update on Ethereum.
As you can clearly see the formerly mentioned lead line did break down and got retested.
So does this mean ultimately that´s been it?
Not necessarily, on this Daily timeframe we also have to look at other factors, rather than only at one,
at the moment we have to closely watch what is going to happen from now on day by day to not miss any
potential long-signal clusters forming ABOVE the SMA50 AND the Ichimoku cloud, that did not get violated so far and do
play a very big role in forming a proper validated uptrend, especially after Ethereum printed the bullish golden cross not long ago.
For now this holds, watch the Daily interval closely, also with regards to the closer halving of Bitcoin, which could save this.
Have a nice weekend folks.
Neru
As you can clearly see the formerly mentioned lead line did break down and got retested.
So does this mean ultimately that´s been it?
Not necessarily, on this Daily timeframe we also have to look at other factors, rather than only at one,
at the moment we have to closely watch what is going to happen from now on day by day to not miss any
potential long-signal clusters forming ABOVE the SMA50 AND the Ichimoku cloud, that did not get violated so far and do
play a very big role in forming a proper validated uptrend, especially after Ethereum printed the bullish golden cross not long ago.
For now this holds, watch the Daily interval closely, also with regards to the closer halving of Bitcoin, which could save this.
Have a nice weekend folks.
Neru