Ethereum broke out of it's falling wedge a week early.
The bottom was in on the 18th of December at $116, that's very obvious. From there we bounced around in between $120 support and the downtrend stending from both swing-highs of the downwards move.
Over the weekend Ethereum had a parabolic spike blasting right through the downtrend with one retest, then went straight for the monthly level at $140.
From here we should see a definite close above this monthly level, marked in white, Maybe even go sideways for a bit, until the next parabolic rise up. Don't expect to go back down to $120, that's not realistic.
I'll keep updating you all with analysis' of the top cryptocurrencies, follow me to stay up to date.
As always please do your own research, I am not a financial advisor.
The bottom was in on the 18th of December at $116, that's very obvious. From there we bounced around in between $120 support and the downtrend stending from both swing-highs of the downwards move.
Over the weekend Ethereum had a parabolic spike blasting right through the downtrend with one retest, then went straight for the monthly level at $140.
From here we should see a definite close above this monthly level, marked in white, Maybe even go sideways for a bit, until the next parabolic rise up. Don't expect to go back down to $120, that's not realistic.
I'll keep updating you all with analysis' of the top cryptocurrencies, follow me to stay up to date.
As always please do your own research, I am not a financial advisor.