Want to know what I believe? This is a small accumulation phase.
Ethereum and most of its high profile tokens seem to be getting ready to make a move to the upside. Over the past 6 months every time, the RSI hit 57.5 Ethereum made a substantial move up. At its current velocity, this will happen somewhere before the 4th of February.
Now, like any starting bull cycle, we may go sideways or move down instead, however it seems unlikely to go below the 20-week WMA that currently resides at $700. And for most of us, that is still a ways above our Dollar Cost Average. So hold on tight and enjoy the ride. 2021 is setting up to land on Mars.
Now, like any starting bull cycle, we may go sideways or move down instead, however it seems unlikely to go below the 20-week WMA that currently resides at $700. And for most of us, that is still a ways above our Dollar Cost Average. So hold on tight and enjoy the ride. 2021 is setting up to land on Mars.