ETHWUSD: Bullish Shark at .236 and Support Confluence AreaETHW sits at a Support Zone and above the .0.236 from High to Low at the PCZ of a Bullish Shark. It is bottoming out for the second time while showing extreme amounts of Bullish Divergence on the second Bottom. If this plays out i think it can atleast rise up to the .886 from here.
Ethereumproofofwork
ETHWUSD Multiple strong buy signalsEthereum Proof of Work (ETHWUSD) may be staging a strong rally ahead as not only did it break above the 4H MA100 (green trend-line) that rejected the price on September 25, but the 4H MACD formed the first Bullish Cross in 11 days.
On top of that, with the 4H MA50 (blue trend-line) supporting since September 24, we have the potential of it crossing above the 4H MA100 thus forming ETHW's first Bullish Cross. Even though the 0.236 Fibonacci retracement level is the first technical Resistance, we expect a test of the 4H MA200 (orange trend-line) and then we can see the reaction from there.
See how the Fibonacci levels match well on the prior Lower Highs during the downtrend. Those are candidates for bullish targets if this uptrend is sustained.
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ETH POW ETHW Cup and Handle Formed, Targets $9.5 - $10.5ETHW has been really volatile and bearish because everyone is selling their free ETHW. I think the ones who sold now will regret it in the future but thats just my opinion. A nice cup and handle has formed and a measured move would bring ETHW to around $9.5 and an extended target of $10.5 is possible as well which is also a resistance zone. There isn't very much liquidity right now in this coin so these prices are really volatile.
Don't forget people, the new Ethereum POS is a brand new chain, and enyting can happen. I can almost bet that no new capital will be flowing into Ethereum and I don't mean Joe down the street I mean big money. No big investor with half a brain will risk that, its new and needs years for big money to feel comfortable investing in it again. If and when something goes wrong with the new chain you better believe that everything will flock back to ETHW the original chain that WORKED just fine, including the value of Ethereum!. Good luck out there. This is not financial or trading advice this is just my opinion. Thank you
ETHW ETHPOW USD : QUICK 2x Coming! This Thing Could Really Run!ETHW , ETHPOW, or Ethereum Proof Of Work, looks like its about to retest the previous high area. This could run pretty quick because there isn't very many coins for sale yet. The indicators are showing that a nice move is about to play out to the upside. Plus you never know this thing could really run. Lets say something happens with the new POS chain, where would everyone run to? They will probably go back to the original ETH where everything worked fine. Either way, this is high risk and just speculation, but the reward could be massive. This is just my opinion and not financial advice, good luck out there evryone.