ETHEUR: Above the monthly resistance
Updated
If Ethereum holds here and holds the uptrend speed line it could be breaking out and rallying to the target on time. If it doesn't hold the trendline and goes back under the monthly mode (blue box), it'll continue to consolidate until it has gathered enough strength to break out.
The implications are bullish, so I'm holding either way, but it'd be interesting to see how the price action evolves here.
Keep an eye on it, if not in, look to buy gradually over a week or two until you own 20% of your account's worth in ETH. The ETHBTC chart is promising, and has low risk, so, it'd be a good opportunity to exchange some BTC for it after the rally in Bitcoin.
Cheers,
Ivan Labrie.
The implications are bullish, so I'm holding either way, but it'd be interesting to see how the price action evolves here.
Keep an eye on it, if not in, look to buy gradually over a week or two until you own 20% of your account's worth in ETH. The ETHBTC chart is promising, and has low risk, so, it'd be a good opportunity to exchange some BTC for it after the rally in Bitcoin.
Cheers,
Ivan Labrie.
Note
So far so good, it'll take until March or April to take off probably, relax, and hold.Note
Potential decline back to support here within 2 weeks give or take.
I'm still holding long term positions. We can wait for a while, so, no rush. I'll update once we have new signals in the daily or weekly.
Note
Note
If we break this linear regression channel, we could see the breakout continue with force. It could easily trigger the monthly uptrend during February.Note
Oh yeah.
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