Ethereum Monthly Chart Reveals Likely Direction
SparksterSignals hasn't done a manual analysis of ETHUSD for a while. Looking at the big picture on the monthly chart reveals MACD momentum is becoming positive and price action via Heiken Ashi setting also shows positive momentum.
However, the 2 week and 1 week time-frames look like time for consolidation so we're not expecting fast price appreciation quite yet...
The red trend-line needs to be broken first. At that point the weekly momentum may fly in formation with the monthly momentum and price can continue towards previous ATH — taking the rest of the altcoin market up with it!
Triggers at the ready...
However, the 2 week and 1 week time-frames look like time for consolidation so we're not expecting fast price appreciation quite yet...
The red trend-line needs to be broken first. At that point the weekly momentum may fly in formation with the monthly momentum and price can continue towards previous ATH — taking the rest of the altcoin market up with it!
Triggers at the ready...
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