Ether is lagging, imho, to where it needs to be to fully resonate with the Bitcoin price. This still offers potential, as it did up to now. Bitcoin simply needs to hold itself for long enough and ETH could see a surge to Green Target 1. When this will happen and if ETH is simply going to slow march there is unclear. Every small green move by BTC is grabbed onto by ETH. Money Man still advocates for price to come to you. Have a look at the BTC analysis linked below and keep an eye on the price.
Green Target 1 is the level Money Man sees as the current BTC resonance level so in fair view with BTC being green or consolidating in the BTC Decision Box 1. Green Target 2 is a fair target for energy we have left and give us a breach of resistance of the big $400.
Red Targets 1 and 2 (the last thing on the mind of many) would be a nice, healthy retracement to support. Red Target 3 would cause sentiment to swing 180 degrees.
Conclusion: Because of ETH being so conservative (yes, I know, but that is what the chart is telling Money Man at this volatile moment), it will be keen to catch up. A descending triangle at below $320 is not off the cards, but upward movement would make it unlikely. Very important to me: Please leave a like if you appreciate the effort, please comment and develop this further, please follow if you see potential and might like to know where this is going.
Green Target 1 is the level Money Man sees as the current BTC resonance level so in fair view with BTC being green or consolidating in the BTC Decision Box 1. Green Target 2 is a fair target for energy we have left and give us a breach of resistance of the big $400.
Red Targets 1 and 2 (the last thing on the mind of many) would be a nice, healthy retracement to support. Red Target 3 would cause sentiment to swing 180 degrees.
Conclusion: Because of ETH being so conservative (yes, I know, but that is what the chart is telling Money Man at this volatile moment), it will be keen to catch up. A descending triangle at below $320 is not off the cards, but upward movement would make it unlikely. Very important to me: Please leave a like if you appreciate the effort, please comment and develop this further, please follow if you see potential and might like to know where this is going.
Comment:
BTC contribution
Comment:
Previous ETH contribution
Comment:
The next ed contribution
