ETHEREUM 200 WEEK MOVING AVERAGE BREAK OUT
Ethereum is on the verge of a massive break out. The 200-week moving average is currently acting as a resistance for Ethereum (being below this garners a very rare opportunity).
We have been following the major triangle Ethereum has broken out from at the start of the year (a structure dating back to 2017 indicating 500% upside).
Most people can not see the 200 week moving average on their charts as they view exchanges that have not had Ethereum long enough to show that price history.
Ethereum breaking out of all new USD highs and the combination of being below the 200 week moving average makes this the best opportunity for a macro holding position (in my opinion).
CME futures launch for Ethereum tomorrow (february 8). We have already broken the previous-all time high and had a very nice pullback. The confirmation will be a break of the 200 week moving average. However, by the looks of it, we are testing it enough to break through very soon (chart attached with 200 week moving average in blue).
We have been following the major triangle Ethereum has broken out from at the start of the year (a structure dating back to 2017 indicating 500% upside).
Most people can not see the 200 week moving average on their charts as they view exchanges that have not had Ethereum long enough to show that price history.
Ethereum breaking out of all new USD highs and the combination of being below the 200 week moving average makes this the best opportunity for a macro holding position (in my opinion).
CME futures launch for Ethereum tomorrow (february 8). We have already broken the previous-all time high and had a very nice pullback. The confirmation will be a break of the 200 week moving average. However, by the looks of it, we are testing it enough to break through very soon (chart attached with 200 week moving average in blue).
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