I am mostly fundamentals, but one is mostly going by some nice technicals developing.
1. Selling is exhausted. Lower volume trend along with downward trend.
2. Small bug going around the crypto community of "Ethereum is more than an Alt and should not be considered one, yet it's below Bitcoin" which essentially means Ethereum deserves it's respects. The bug is very small now but I believe this belief will only grow stronger and more popular, eventually branching out away from the crypto community into retail traders and early majority in public.
3. Compared to other major Alts, ETH is in a completely different stage. ETH appears to be already accumulated (with hidden buy volumes all over the past year) and ready to print higher lows & begin a slow upward trend; whereas the other Alts all appear to be just now entering into the accumulation stage.
4. Volume & volatility overall is very low, with Selling exhausted, any momentum in Buys will move the needle upward easily.
5. Bounce off 50MA (blue line) from the WEEKLY candles. Appears very strong bounce with conviction thus far, might retest but if it stays above it, looks great for a nice upward trend over the next 6 months at least.
6. Bounce off 40 RSI has always been a good technical for me.
1. Selling is exhausted. Lower volume trend along with downward trend.
2. Small bug going around the crypto community of "Ethereum is more than an Alt and should not be considered one, yet it's below Bitcoin" which essentially means Ethereum deserves it's respects. The bug is very small now but I believe this belief will only grow stronger and more popular, eventually branching out away from the crypto community into retail traders and early majority in public.
3. Compared to other major Alts, ETH is in a completely different stage. ETH appears to be already accumulated (with hidden buy volumes all over the past year) and ready to print higher lows & begin a slow upward trend; whereas the other Alts all appear to be just now entering into the accumulation stage.
4. Volume & volatility overall is very low, with Selling exhausted, any momentum in Buys will move the needle upward easily.
5. Bounce off 50MA (blue line) from the WEEKLY candles. Appears very strong bounce with conviction thus far, might retest but if it stays above it, looks great for a nice upward trend over the next 6 months at least.
6. Bounce off 40 RSI has always been a good technical for me.
Comment:
Just for my own personal journal history.. I got in at $198'ish last night before I posted this, this morning.