Ether looks to be going to test the current £248 ceiling for a 3rd time. I think it goes and we proceed upwards.
The bottom posted at about £100 seems to be holding on quite firmly and I think we may see a break for the upside. two levels I'm watching for are £228 and £281 for a potential pullback, but I think the trend should be up longterm. If we do see a decline now, I think we chase the £133 handle and then begin a bullish run.
Ethereum looks as though it may have found a bottom, and if that is the case, I foresee us climbing over the £600 mark. Ive included a rough prediction for how I think we could get there but it is still very early to confirm the 3rd wave move and everything after that, however, it is a reasonable scenario nonetheless. Ive put up an alternative shorterm play below...
A case for ethereum trading below £100 per coin looks very possible. We are seeing plenty of volume coming in at the bottom of every decline showing possible buy-side position building, but I doubt we have found a bottom yet. The £50-100 range looks like a good candidate for a bottom.
Looks like Ether hit a wall and buyers and sellers are not yet decided on where to take this.
ETH has held support at previous spike lows - now showing signs of a breakout by making a new higher high and a break out at trend line should push back to 300£ a coin! Good luck!
I think we have officially bottomed out. We saw substantial volume come in at the 61.8 retracement level and I think that that marked a 1st and 2nd wave completion. If so, I expect longterm bullish sentiment taking us above the £600 mark.
Ethereum is really getting battered. 50% retracement level is struggling to hold the market up, will £133 offer us more support?
Im finding it hard to find a case for more bullish sentiment, initially I though we would go up, but now I'm not so sure. One the bring side, if we do consolidate lower there will be a great buy opportunity building.
ETH looks like it isn't quite done with the upside even though there is a wavecount that indicates that it may have topped out. I personally think we see some more upside but lets let the market lead. I put up one 2 trades to consider. Not very attractive risk reward, but trades nonetheless.
Cryptos are having a massive bull-run, but nothing goes up forever.
I think we are due a surge on Ether and that reason I have gone long!