Bounced hard at Weekly support, looking to ride the upward momentum with fresh 1H S/R levels.
Longing at strong weekly+daily S/R level confluent with the HTF trend.
- Strong resistance ahead - Log Downtrend ahead - MACD looking similar to the last drop - Volume slowly declining That's very rough for the bulls, I'm leaning more towards a bearish decline
Forming an ascending triangle, volume increasing nicely
DOGE is a great Alt Season indicator, I see the next Alt Season in April/May 2018, maybe even later.
Ethereum is a great indicator for the bullrun of Altcoins - "Alt Season". The red circle to the left points at the beginning of the last Alt Season in 2017. Ethereum is heading to an attractive price level pretty soon where more and more people will be likely to pick it up. Most Alts are at the same stage of their market cycles or even further down. Since...
We could see a retest of the log down-trendline at around $10k which is a decent weekly resistance level. I'm more likely bearish due to the current market sentiment, breaking this zone would be very bullish though.
It might get even colder for ETH (for BTC also - its the blue line).