ETH had a short rush after the hardfork of BTG.
But it came down only several hours later.
I marked this period with the circle.
I had expected a decline of the price between the upper red line and the lower (pointed) red line till hardfork.
Now I expect a long bully phase as shown in the analysis (upper green line - lower green line).
MACD and RSI are neutral. A rapid jump is at the moment not very probable. Neither is a sudden fall.
ETH has good potential to climb to 320, where we find an old fibb retracement.
But it came down only several hours later.
I marked this period with the circle.
I had expected a decline of the price between the upper red line and the lower (pointed) red line till hardfork.
Now I expect a long bully phase as shown in the analysis (upper green line - lower green line).
MACD and RSI are neutral. A rapid jump is at the moment not very probable. Neither is a sudden fall.
ETH has good potential to climb to 320, where we find an old fibb retracement.