ETH just got the demand power from beneath,
breaking 1st and 2nd line could be the sign of alt season
IF ETH could break the 1 and 2 lines I believe it would reach the previous ATH and may make a new one.
we have to track the fundamental news also
breaking 1st and 2nd line could be the sign of alt season
IF ETH could break the 1 and 2 lines I believe it would reach the previous ATH and may make a new one.
we have to track the fundamental news also
Note
ETH has a semi-strong resistance above his head, it needs to break it and we need RSI over 50 % for that breakout,a break above triangle: ALT party
a break below triangle: alt crash
Note
for me scenario is still valid, and I think the breaking up is more probable than breaking down, we are in a strong resistance but if we break definitely we will have an alt party and all the altcoins will pump.
Note
afrer a retracement and reacting to 50% Fibo . price rises up now we just break the resistance and placed in the FIBO 0.38 , so far we need a close above all of them to continue the trend and go upit is possible to close above
Note
the first high reached, breaking the next dynamic trend line is so important, its is the signal for the start of greater alt partyNote
due to the positioning of RSI, and reaching the first target,I believe these two scenarios is more probable and the price might make a retest (pullback), these might fail or not, just my idea
DYOR
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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.