Ethereum and Vitalik broke the Downtrend! but where they go is still uncertain :D
We can see only a little parts of EMA200 (red one) but enough to forecast a bit.
So we can see on chart ETH passed clearly EMA50 and EMA100 and looks like consolidating.
The first target for now it's to break EMA200 around 240$, if ETH is rejected we will have to wait more.
if it breaks 240$ it will be a free push to 300$ and here we got a big resistance line!
for now i will not recommend to buy until it breaks clearly 240$+.
i will add a far view to show that ETH Broke clearly his downtrend.
Stay S4fe and Happy Tr4Ding!
We can see only a little parts of EMA200 (red one) but enough to forecast a bit.
So we can see on chart ETH passed clearly EMA50 and EMA100 and looks like consolidating.
The first target for now it's to break EMA200 around 240$, if ETH is rejected we will have to wait more.
if it breaks 240$ it will be a free push to 300$ and here we got a big resistance line!
for now i will not recommend to buy until it breaks clearly 240$+.
i will add a far view to show that ETH Broke clearly his downtrend.
Stay S4fe and Happy Tr4Ding!
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Far view
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1D Fibo
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This is MACD ETH/BTC Monthly Timeframe. if i add it on USDT analyse have a good reason, everything have to be compared within BTC dominance. it can confirm that ETH is coming back from very far and will consolidate with time.
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ETH still on his uptrend for now and making a nice support on ichimoku cloud + Pivot 1 Day + BB around 188$. wait and see + follow closely King BTC also.
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if you entered market like i suggested i really advice you to keep look at BTC movements and stay S4fu, don't fomo... never forget BTC is king... and be aware to sell before 300$..
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watch the triangle for scalps
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