Eth has showed strong bullish signs and a small correction has been completed. Following reasons for going long:
Dash pumping has has shown that $100 mark isnt that difficult to reach in a strong bullish run.
Eth recently had a small correction, now ready for another ride, probably going 2x.
Alphabay just announced they will support eth starting May 1st, monero went 12x with that announcement.
Alot of support from corporations and new countries jumping in (korea), new money pumping in and new support being established at last alltimehigh.
Alot of FUD expected for btc, people will feel like either cashing out or switching coin until the whole drama is over.
Same time last year Alts in general had a good run, with alot of swings expected in the regular stock market until end May cryptocurrencies might get alot of attention. Especially with the rise of dash.
Both TA and FA support a nice bullish run for another couple of weeks.
(Only trade what you can afford to lose, this is just speculation)
Comment
TP1 is set around 0.0655 following a simple ABCD pattern
Comment
TP2 around 0.090 (fibionacci)
Trade closed manually
Closing while in profit, the fork of BTC is attracting too many people to hold BTC so expecting a general altcoin dump this week
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