ETH - SHORT TERM | MID TERM OUTLOOK
ETH
As we can see here we are in a bearish consolidation pattern which is not speaking with the rest of the market - Is ETH wrong or is ETH the leading indicator?
Being unbiased looking at the data i will have to make the assumption we are going to have a pull back - Rising wedge and rejecting off of our top trend line for the third time sitting alongside a strong resistance\support zone - i am expecting a break down of this wedge at some point if we are able to break above then the markets really turn bullish and we can look for the highlighted box for eth MID term target zone - Altcoins will follow ETHs moves exponentially
As we can see here we are in a bearish consolidation pattern which is not speaking with the rest of the market - Is ETH wrong or is ETH the leading indicator?
Being unbiased looking at the data i will have to make the assumption we are going to have a pull back - Rising wedge and rejecting off of our top trend line for the third time sitting alongside a strong resistance\support zone - i am expecting a break down of this wedge at some point if we are able to break above then the markets really turn bullish and we can look for the highlighted box for eth MID term target zone - Altcoins will follow ETHs moves exponentially
Comment:
Another major bullish entry would be a possible double bottom on a yearly level having entries set and resting @ 1000 is a good idea too in case we get the break down