Are you in position for the next major move? If you are just reading my ideas, did you buy when I posted when ETH was at $80? If you are a long time follower, have you laddered yourself in such a way to take advantage of the next major move up? If not, now is the time to do so.
I outlined what I think will happen with the black line. the most significant thing of this last move is that we created a higher high from previous. Once we get to 200 the bear market will be reversed and we will head much higher. Folks, Constantinople is coming out. Last time we had an ETH upgrade, the market rallied from roughly 500 to 1400. It's very probable that we get a move up to 500 with this next rally. Make sure you are positioned for it if not already.
Some technicals. We have RSI sloping up showing strength and MACD is in positive territory. The most significant development is on the daily chart. For the first time since April the MACD has been in positive territory for a significant amount of time. In April the market rallied from 380 up to 800. It makes having a high target like 450-500 seem very likely.
Happy Trading and hodling,
-Sherem
I outlined what I think will happen with the black line. the most significant thing of this last move is that we created a higher high from previous. Once we get to 200 the bear market will be reversed and we will head much higher. Folks, Constantinople is coming out. Last time we had an ETH upgrade, the market rallied from roughly 500 to 1400. It's very probable that we get a move up to 500 with this next rally. Make sure you are positioned for it if not already.
Some technicals. We have RSI sloping up showing strength and MACD is in positive territory. The most significant development is on the daily chart. For the first time since April the MACD has been in positive territory for a significant amount of time. In April the market rallied from 380 up to 800. It makes having a high target like 450-500 seem very likely.
Happy Trading and hodling,
-Sherem
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Previous ideas:
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Starting to get some upward pressure again
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Looks like I should have just shifted my black line to the right a bit.