Is Ethereum dead? In today's special episode we talk about Ethereum's big picture from a technical analysis standpoint.
I start off with the weekly chart, first looking at the correction, if it constitutes a core trend surpassing the 61.8% Fibonacci retracement.
After that I go into the Daily chart, showing you which area ist the most important one as previous resistance, which now provides a huge support area.
I make the connection to the grandfather Bitcoin, we look at the ETHBTC chart to determine where Ethereum is headed in the long run.
Finally I finish off with some fundamentals and explaining to you, what the difference is between fortune telling & technical analysis.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;) @dtube
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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Thanks for sharing your post! You have earned an upvote and follower in me. Best of luck to you on Steemit!
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Thx so much man! Hope you gained some insight :)
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