ETH making very important moves!!!
Updated
So ETH has made a new ATH at 2700someting...
And these are the 3 possible moves I am expecting.
Green line
We could go and break the channel resistance and go to a new ATH mode! - less possible
Blue line
We could make a new ATH around the green area and get resisted from a channel resistance... then go test the channel support or the orange area where has been some kind of support. - really possible scenario
Red line
We could get resisted from the channel trend line and break the channel support...
This could be made by some bad news or massive selloff.
Then we could meet the lower one with really strong support around 2350!
In my opinion we won't see ETH in this bull market under this red area!
And if I am wrong we could bounce from the yellow long-term trendline.
Summary
After all, I am still supper bullish on ETH.
My PT for may is 3k.
ETH/BTC also looks super bullish!
Here is my chart:
BTC dominance also looking pretty good for ETH and orhter ALTS!
In 2017 BTC.D has dropped over 50 % in just 35 days!
This cycle we have dropped 33 % in 115 days... we are just getting started!
The 50 % seems to be really crucial!
This will be an even bigger alt season than the last cycle!
Use this opportunity to make satoshi! :)
And these are the 3 possible moves I am expecting.
Green line
We could go and break the channel resistance and go to a new ATH mode! - less possible
Blue line
We could make a new ATH around the green area and get resisted from a channel resistance... then go test the channel support or the orange area where has been some kind of support. - really possible scenario
Red line
We could get resisted from the channel trend line and break the channel support...
This could be made by some bad news or massive selloff.
Then we could meet the lower one with really strong support around 2350!
In my opinion we won't see ETH in this bull market under this red area!
And if I am wrong we could bounce from the yellow long-term trendline.
Summary
After all, I am still supper bullish on ETH.
My PT for may is 3k.
ETH/BTC also looks super bullish!
Here is my chart:
BTC dominance also looking pretty good for ETH and orhter ALTS!
In 2017 BTC.D has dropped over 50 % in just 35 days!
This cycle we have dropped 33 % in 115 days... we are just getting started!
The 50 % seems to be really crucial!
This will be an even bigger alt season than the last cycle!
Use this opportunity to make satoshi! :)
Note
ETHBTC has just broken out of this!!! Be prepared!Note
Nice rising wedge!Note
Worked just as we predicted :)
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