Psychological Roadmap for Ethereum

12 mar 2018

Rather than the usual use of indicators, I've decided to explain the psychological pattern clearly visible in Ethereum. On the daily charts, we can see Ethereum had some incredibly robust growth, but has been in a bearish state off late, along with the rest of the cryptocurrency market. We observe as the trendlines get more vertically steeper (bullish) and upward facing parallel channels envelop, the bull run start on its momentum. In previous bull runs, Ether always came back and made a slight touch of its bottom trend line. The current trend of Ethereum shows that it is finally about to make its touch of the long term support. This is a MAJOR happening as it means that the breakout is on its way. It looks like in a couple days the whole crypto market is going to boom. While it is a bold prediction, I certainly see this happening. Do not be fooled by short duration trends and charts.