Good day everyone!
Hope all of you are keeping well, going through this pandemic. Both physically, but also mentally. Having to cope with hyped-up, nervous governments that are going above and beyond to tighten their grip on it's population.
Luckily we can focus on something far more positive and above all, more important.
Cryptocurrencies.
Today I would like to bring to your attention the strength $ETH is showing. Charts emphasising this strength can be found left and right on social media. Therefor I would like to show you a more zoomed out view of what I think could potentially be possible for Ethereum.
$ETH looking very strong! We need to see increasing continuation of volume for $ETH to take its next leg up, which seems very plausible if you also look at different charts and pair from the ecosystem. Most alt coins look a bit weak and have been moving sideways in a choppy way for some time now. Most BTC pairs have been bleeding for some time now. Also looking at the ETH-BTC chart , one can see that a breakout from the larger timeframe cup and handle is imminent.
If you also believe there is an (for the most part) organic flow of money into the ecosystem, it is fair to assume the vast majority of the capital is flowing in from Bitcoin, to Ethereum, continuing its way through the major cap alt-coins all the way down to the micro caps.
Combine this with the extending cycle theory and the big scare we had in the middle of this year with a mini bear market, it makes a strong case for the projected growth of $ETH in the above chart.
After ETH rallies, next major alt-coin I'll have my eyes on? Cardano's $ADA. But more on that later.
For now I wish everyone a great day and remind you my view, is now your view and should therefor not be considered financial advise.
Stay safe and look out for eachother!
Hope all of you are keeping well, going through this pandemic. Both physically, but also mentally. Having to cope with hyped-up, nervous governments that are going above and beyond to tighten their grip on it's population.
Luckily we can focus on something far more positive and above all, more important.
Cryptocurrencies.
Today I would like to bring to your attention the strength $ETH is showing. Charts emphasising this strength can be found left and right on social media. Therefor I would like to show you a more zoomed out view of what I think could potentially be possible for Ethereum.
$ETH looking very strong! We need to see increasing continuation of volume for $ETH to take its next leg up, which seems very plausible if you also look at different charts and pair from the ecosystem. Most alt coins look a bit weak and have been moving sideways in a choppy way for some time now. Most BTC pairs have been bleeding for some time now. Also looking at the ETH-BTC chart , one can see that a breakout from the larger timeframe cup and handle is imminent.
If you also believe there is an (for the most part) organic flow of money into the ecosystem, it is fair to assume the vast majority of the capital is flowing in from Bitcoin, to Ethereum, continuing its way through the major cap alt-coins all the way down to the micro caps.
Combine this with the extending cycle theory and the big scare we had in the middle of this year with a mini bear market, it makes a strong case for the projected growth of $ETH in the above chart.
After ETH rallies, next major alt-coin I'll have my eyes on? Cardano's $ADA. But more on that later.
For now I wish everyone a great day and remind you my view, is now your view and should therefor not be considered financial advise.
Stay safe and look out for eachother!