Will ETH Triple BTC Last Measured move?(WHY ETH LONG TERM 1800)
When you see Ethereum starting to outshine the Crypto King BTC in a match race to the moon, Just know that we are in the Altcoins season. ETH hit the celling cracking the $1000 resistance , for ETH , this is like the beginning of the journey to $1500.
But first, ETH could experience some sort of pause or accumulation/sideways move just below the $1000 resistance,
This accumulation will only last for a short period to enable the bulls gather the buy power and liquidity needed to break the $1000 resistance for good but only after countless attack, the bears will give in and price will mostly be heading for 1100 to 1200 mini before Jan 2021.
Currently the volume is looking strong enough to keep the bulls going but the resisitance at 1500 is one to pay attention to as this one could push price down $150 to $100 down on the first reaction to it just like it did hitting the $1000 golden number.
The Famouse Bullish Triple Bottom is known for Completely reversing a trend, a good example is Bitcoin.
We can see the effect of this triple bottom pattern. Eth is likely to follow BTC measured moves and steps by printing a new All Time High ATH above $1500 Minimum in the next two months from now on the Long term.
In terms of short term, we could see pull back to 850 to 835 zone form here leading to a sideways move for a short term accumulation buy power.
But first, ETH could experience some sort of pause or accumulation/sideways move just below the $1000 resistance,
This accumulation will only last for a short period to enable the bulls gather the buy power and liquidity needed to break the $1000 resistance for good but only after countless attack, the bears will give in and price will mostly be heading for 1100 to 1200 mini before Jan 2021.
Currently the volume is looking strong enough to keep the bulls going but the resisitance at 1500 is one to pay attention to as this one could push price down $150 to $100 down on the first reaction to it just like it did hitting the $1000 golden number.
The Famouse Bullish Triple Bottom is known for Completely reversing a trend, a good example is Bitcoin.
We can see the effect of this triple bottom pattern. Eth is likely to follow BTC measured moves and steps by printing a new All Time High ATH above $1500 Minimum in the next two months from now on the Long term.
In terms of short term, we could see pull back to 850 to 835 zone form here leading to a sideways move for a short term accumulation buy power.