Nitra_Bots

ETH Reverting to the Mean?

Long
POLONIEX:ETHUSD   Ethereum
Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imaging different scenarios that could happen. Enjoy!

This is just a quick update on ETH. If you don't know, I'm very bullish on ETH in the long term. I don't know how long it will take but when it happens I for one will be capitalizing on it. The recent bullish action has me especially excited. I think it's just getting started.

ETH is suspected to release the major update Constantinople in mid January. I wouldn't be surprised at all of we see bullish movement until then.

And from a technical standpoint, it appears that we are due to revert to some of the major daily moving averages. I think we'll see the 50 and the 100 soon, and maybe even the 200. What do you think? I'm curious to know.

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Cheers!
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