Eth daily looks really strong in my opinion. Fundamentally, the new software upgrades have now been fully implemented and the data looks good - showing improvement in block times, and decreased mining difficulty. Technically, we can see that price has gained the 100MA, and tested it as support 3 times now. With the 200 hovering around that $160, if we can break above that, it will be a straight shot to $200 and beyond. I expect this to play out similar to litecoin. If we can hold on to these levels for the rest of the month, it could be the beginning of a very bullish Q2 for crypto in 2019.
Key support - $132 (break below is detrimental)
Key resistance - $160 (a break above could be massive - $200-$300 targets in play)
Best of luck, hit thumbs up.
Key support - $132 (break below is detrimental)
Key resistance - $160 (a break above could be massive - $200-$300 targets in play)
Best of luck, hit thumbs up.
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Critical decision time versus Bitcoin - in the bullish crypto scenario (bitcoin breakout to 5k) I expect ETH to get massively bullish against BTC. Watch for this weekly trendline break to signal the end of the crypto bear market.
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Lastly, a look at the ETH VS LTC chart shows that litecoin is overbought on the weekly, and an ETH breakout vs usd could send this cart down 20% (ETH playing some catch-up with litecoin)
Therefore, I think ETH is the most attractive spot to put risk on in crypto at this moment. lets watch.
Therefore, I think ETH is the most attractive spot to put risk on in crypto at this moment. lets watch.
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this was a 50% profit :)
