EthereumUpdated BULL TEST INCOMING
Yellow: 2018 highs and lows adjusted to ignore “hysteria” movement.
Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria).
As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the only) sign necessary for a bull run. If it continues to slide down, that means the bull saw his shadow, 6 more weeks of winter.
Blue: Bottom line is 2017 median growth trend. Top is the new growth trend the market is attempting to establish (again, ignoring the hysteria).
As you can see, we are approaching a window of time in which a bullish trend will be tested. If it follows the upward support, it’s one (but not the only) sign necessary for a bull run. If it continues to slide down, that means the bull saw his shadow, 6 more weeks of winter.
Note
LTC traded sideways right through its down trend line?Don't be so surprised. This is further proof of how much the crypto market depends on Bitcoin, because BTC is very close to a major resistance point. Very VERY few coins have active volumes. The market is holding its breath, all eyes are on the lead coin right now.
Note
Correction: ETH, NOT LTC
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