Ethereum's price to go up (first bullishly, then bearishly)
TLDR: this is a companion post to my more detailed Bitcoin post today. In short: Both BTC and ETH are bullish for the next couple of years.
I have been looking at this potential rising wedge on Ethereum for a while now (and there is one on bitcoin right now, see the linked post) and with price at wedge support the next move will be to the upside with a potential take profit at the fib levels as shown. The draw has price returning to wedge support then a unstained melt up to the final fib level and then price returns to the bottom of the wedge. What a hell of a ride.
Our indicators show a lot of bullishness with price below the Gaussian channel with the RSI below 30 and the On balance volume below the 100 EMA. The importance of that is also detailed in the linked idea.
I have been looking at this potential rising wedge on Ethereum for a while now (and there is one on bitcoin right now, see the linked post) and with price at wedge support the next move will be to the upside with a potential take profit at the fib levels as shown. The draw has price returning to wedge support then a unstained melt up to the final fib level and then price returns to the bottom of the wedge. What a hell of a ride.
Our indicators show a lot of bullishness with price below the Gaussian channel with the RSI below 30 and the On balance volume below the 100 EMA. The importance of that is also detailed in the linked idea.
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