ETHUSD retrace watch: Ethereum Fork Frenzy coming
Updated
Ether finally got its run, along with most of Crypto.
But last week LTC lead the charge running head of the pack.
This week was ETH turn to lead the charge and ran strong.
Fork dates are somewhat vague, but Feb 28th or so.
This fork will NOT result in free coins, at least not in theory.
But the upgrade is significant, and ties up coins to Prove Stake.
If we break above 154.xx, then Bears will be in SERIOUS trouble.
If we break below 110.xx, then BULLS well be in serious trouble.
125.xx looks good for long entry, with SL around 120 perhaps.
I will post updates here as price moves.
But last week LTC lead the charge running head of the pack.
This week was ETH turn to lead the charge and ran strong.
Fork dates are somewhat vague, but Feb 28th or so.
This fork will NOT result in free coins, at least not in theory.
But the upgrade is significant, and ties up coins to Prove Stake.
If we break above 154.xx, then Bears will be in SERIOUS trouble.
If we break below 110.xx, then BULLS well be in serious trouble.
125.xx looks good for long entry, with SL around 120 perhaps.
I will post updates here as price moves.
Note
ETH just hit first Resistance Doesnt look like much on the 4h, but closeup shows it is definitely notice, and Exactly
.
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