ETH's dominance is rising above the margin line. Hopefully, it will be well funded and rise to 10.99, leading to the alt rally.
wow , this breaks we will see some huge explosions that line of resistance on eth chart if broken we will see some fireworks. I'm looking at this with an eagle eye !!!
Dominance is expected to remain above 9.30 and maintain an upward trend above 10.99.
With Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows. Do you agree with this chart?
RSI is back above 30. It was also out of the downtrend line. MACD is expected to rise above zero soon, with rising divergence occurring.
UPDATE: Ethereum Dominance target 5.0 = 200% fibonacci (Still active)
That's the signal I was waiting for forever! The falling wedge finally hit it's bottom, and I missed the proper entry because I was away :D Anyway, if this wedge completes, we have a lot of room to regain Dominance on Ether. Don't miss the train! Happy trading!
eth in a bad down trend will it break support ,indicator cutting in going down some more
Ethereum Dominance target 5.0 = 200% fibonacci
Not perfect, not beautiful but this (nested) descending broadening wedges may play a role in the next alts season.
In 2015, ETH dominance dropped 76.9% (From 3.95% to 0.91%) In 2016, ETH dominance dropped 75.1% (From 14.15% to 3.52%) In 2017 - 2019, ETH dominance has dropped 75.5% (From 33.64% to 8.22%) Let's see.
if so, top should be at the beginning of April