If ETH can get back on the Primary dotted Trend we will be looking right into an ascending triangle and more upside. If not we may trade in the new channel that's forming which is obvious in the chart. I like ETH and I am holding some in my portfolio of Cryptos. I am afraid when the Hard Fork is completed they will pop the air from ETH, so set your stops, alerts and know your tolerance for downside risks! There are no silver bullets on this game.
Outlook: BULLISH -- Doh!
I have not updated myself on the whitepaper for the coming Hard Fork, but I do believe we are moving towards PoS. This will affect miners and could lead to a big selloff, or liquidation. I would be interested in hearing what others think about this Hard Fork?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.