Currently trading above the 21 "monthly" MA, bouncing off it with a bullish engulfing formation and possibly finding support at the bottom of what it could be a macro ascending channel . MACD on the bullish side. Despite fundamentals regarding crazy fees and the lag in price action, ETH is ETH and this is a bull market. The chart looks amazing
The price is breaking a falling wedge. MACD crossing bullish after a big cycle. RSI in the lower side showing the break of a wedge as well. The target is the 0.618 fib level. The set up is very good but in case of a fakeout it could retry the previous low of Feb/Mar 2017 at 0.003 sats before signigicant upside, target which is at a 27% drop from the current price....
Fundamentals and price action are aligned. Around the months of March/April full decentralization and smart contracts will be achieved. The DeFi ecosystem is prone to flourish due to a high expectation, which will translate in more supply locked into contracts and greater demand. This is what the market is specting from Cardano, lets see if they can deliver on...
One of both could play out. The 500-ish sats zone is a good bet for a long entry imo. Overall at this levels I believe is more convenient to hodl for the medium/long term. Thoughts?
Here is my forecast and exit strategy if we are about to see the confirmation for the start of a big move up. Taking fundamentals into account, i'm 80/20 in favour for this to happen. The two targets are at the month of January 23/24 if the top will come the same month as 2018. With the current circulating supply of 31 billion first target MC would be at 155b and...
