ETHEREUM Bull Run Continues! Signals Point North!

in ethereum •  7 years ago 

Screen Shot 2018-05-03 at 9.16.10 AM.png

Ethereum is blasting off. We're seeing almost 10% with huge support levels now at $710 and $639. $710 was the level I was worried about earlier. Since we saw a break on increasing bull volume, this is an amazing sign. We could see support at $710 at a minimum with an absolute bottom floor at the lower support level.

Screen Shot 2018-05-03 at 9.33.17 AM.png

On the daily we saw continuation and follow through from the extremely bullish hammer. Technical indicators on all charts are heading up, although we are now overbought on the 4-hr level. There's no immediate signs of a pullback yet though.

Happy trading!

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I have same opinion with you..ether will bull run in 2018

Definitely. It will eventually take out BTC for market cap and dominance. So many more/better uses.

it is very nice reverse signal.

Reverse in which way?

reverse to uptrend

I'd say it's on its way to 870 mark. I intend to sell for BCH after the hard fork on the 15th. Do you think this is wise or that it's better to hold ethereum at the current time... @exxodus

Yea I pegged ETH to the 880 level, then the 1k psychological.

I'd personally rather be in ETH. I used to love BCH over BTC since it's fundamentally better, BUT, with this new fork every 6-months I'm not a fan anymore. ETH will blow up even more this year me thinks. Blockchains that have use cases other than funds transfer will do way better.

ABC intends to implement smart contracts which seems to bring a lot of value to the table, however it could just be another cash and Grab.