Potential for massive returns, 7000% seems far-fetched however based on the previous bull run, that is what we have seen.
Hopefully we see some upward movement with the release of ETH 2.0.
Ethereum finds itself at the beginning of a death cross, what this means is that if BTC decides to keep going down further (which it will) Ethereum will go down harder and stay under the 50MA for most of the times with maybe a spike above it once in a while. I guess that most high performing alts will try to stage a double bottom which will put Ethereum around the...
Will ETH repeat history and start a massive new bull run? Imo ETH has just been in a dip for a year, and we will see BIG movement in the years to come, with a moonshot comparable to Bitcoins 2017 run. Exciting times.
Bottom of regression channel on 4hr looking for a move upward, DMI shows extended bearish action, hopefully holding the parabolic curve seen in the weekly chart.
We were not expecting big moves in the green zone for the coin unless a proper consolidation was in place to trigger an escape from the $180-$190 area.
This was even more obvious on Thursday, November 14 as the Ethereum token continued to slide and retreated to $184. We witnessed another sharp drop in price on the last day of the workweek. The coin closed at...
Ethereum had a nice parabolic move to the upside along with Bitcoin on Oct 24th & 25th, and since then traded in a bull flag that recently broke to the upside.
Since the bull flag has played out however, we've seen a H&S play out, and now what appears to be a double top forming into another potential H&S pattern..
Since Bitcoin broke to the downside yesterday...
Since trading in a large ascending triangle starting in early February this year, breaking out in mid May, we've seen a blow off top down into a descending triangle.
Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle...
My reasons for Holding Ethereum, setting up for a ichimoku cross inside the cloud, possibly could get very bullish above the psychological resistance of 200B
Thanks!
Where all my hodlers at?
Relative Strength Index: The RSI is currently at a relatively high 60 points, meaning the market is somewhat overbought and we should expect a slight correction downards.
Bollinger Bands: The price is within the BB range, yet it's still above the MA. This also means a slight retracement in the next few hours is likely.
Volume: There is moderate to low amount of...
Relative Strength Index: The RSI is currently at a healthy 55 points. That's better than most cryptos that are having a hard time holding current support.
Bollinger Bands: ETH/USD is also well within the BB range. This also signals a healthy market that could start trading sideways. The bad news is that the current ETH price is still below the MA, if ETH can...
Or a descending triangle.
One thing to keep in mind everyone, the CME Group, one of the world’s largest financial exchanges, is prepping to launch a product for Ethereum, if I'm not mistaken they already launched. For those unaware, the CME is a Chicago-based institution that famously launched Bitcoin futures near the peak of 2017’s boom. Recently they've...
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