I've been calling this for a few days now, and we are seeing the confirmation needed!
So far, on the daily, we've started to see increasing bull volume follow through. This is coming after a low RSI of 17 (one of the lowest ever RSI's). Stochastic RSI is now fully bullish and showing the follow through. MACD (not shown) is bullish in crossover.
For Ethereum, the next major resistance will be tested near the $440 level. Long term target is still in the $500's ($555 is my target, potentially $520 depending).
I'd be surprised if we don't see bull movement the next few days.
" For Ethereum, the next major resistance will be tested near the $440 level. Long term target is still in the $500's ($555 is my target, potentially $520 depending) "
I totally agree. We have here excellent oppotunities. It will be interesting to see if it can also acquire value over bitcoin.
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Long term, I'm totally predicting ETH to take over BTC in market cap. BTC is doomed to fail long term IMO. It's just not fundamentally good enough. When cryptos finally take over, it will be because they are awesome and work amazingly. Too many hiccups right now and BTC keeps failing every time it tries to "improve".
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I have the same opinion as you. In the long run, the potential of ethereum sounds better.
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My take on this movement is to ** wait for the April rally **. And I am hoping more programmers would start building sustainable blockchain project not all this "good to have".
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