ETH has been "crashing" lately but I think it is in the end state of a long rally. In fact I think we are in the last stage of Wyckoff distribution and we could see a major rally soon. Looking at the 300 SMA we bottomed there in June 22 and if we hold there, it could be the spring board for a massive rally to new highs.
Also I think GLD will top in a week or so which will be good for BTC and ALTS.
Not investment advice. Please like and share and leave a comment.
Also I think GLD will top in a week or so which will be good for BTC and ALTS.
Not investment advice. Please like and share and leave a comment.
Note
Easier to visualize it this way:Note
ETH looks just like GLDTrade active
Eth likely bottomed. I took advantage and bought some this morning.Note
RSI on monthly has never been this oversold.Note
Still looking strong. Just going back and reading all the fearful comments about ETH. Sometimes the best time to buy is when there is blood on the streets.
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Disclaimer
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.