RLC breakout resistance imminent This resistance line will be broken out of for sure, the run from here is going to be very big. I am long.
Weekly looks great too, higher highs + higher lows.
Digitaloil
ETH coilingCOINBASE:ETHUSD is bull flagging on the 15M chart with the MACD approaching a bullish cross. It looks ready to break the $3k level.
RSI has held steady at 50 showing strength in this rally. If it breaks above $3k and holds till closing then the sky is the limit
1 yr PT for ETH= $10,000
5 yr PT for ETH= $25,000
Ethereum (ETH) Ridiculously Undervalued Own at Least 1 Ethereum Everybody always ask me which cryptocurrency has the most potential and upside this cycle. My answer is if you're looking for performance start stacking Ethereum or if you don't have at least one Ethereum start making that a worthy goal before it's too late.
When I look at the Ethereum / Bitcoin pairing chart we still have a long journey to reach the ETH/BTC all time highs of the previous 2017 cycle. It's crazy to even think at one point Ethereum was valued at 100,000,000 satoshis in April 2017 which is practically 1 Bitcoin . Ethereum is currently only 4.6 million satoshis.
As of right now the average American does not have enough in savings to even afford 1 Ethereum at $2560. According to a GOBankingRates 2019 savings survey found that nearly 70% of Americans have less than $1000 in an emergency savings. It was only about a year ago when Ethereum was less than $300. I've been saying this for a while now that Ethereum is second evolution of the internet and the decentralized global internet. Also EIP 1559 is tentatively scheduled for July which essentially states every transaction on Ethereum will forever burn Ethereum. Meaning Ethereum will start to become scarce in the near future.
Even at $2560 Ethereum is a still as it's primed to be a 5 digit cryptocurrency. Bitcoin is digital gold while Ethereum is digital oil. The ETH/BTC run-up will be epic and one for the history books this year. Please don't sleep on Ethereum before it's too late. Make it a goal to own at least 1 Ethereum.
Remember I'm no financial advisor. Much peace, love, health, and wealth!
ETH - Consolidation before breakoutIf the bullishness of BTC persists, it’s only a matter of time when ETH starts to rise. Now it looks like a consolidation before expansion.
Not sure about entering position here - R:R is kinda low because of high volatility last days. It may be a good idea to wait for another BTC leap and immediately open a position after.
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Information is just for educational purposes, never financial advice. Always do your own research.
