SUMMARY
Ethereum (ETH) has breached the upper blue resistance trendline of the large downward symmetrical triangle. Both price and MACD are following Bitcoin's lead. There was a few days of basin phase where price went lateral and a rounded price formation occurred leading to the breakout.
Ideally, two rounds of impulse waves upward would provide a solid signal for a trend reversal. ETH price is working on the first round of the impulse and appears not yet to be complete. IF wave 3 is currently in progress, higher highs are expected. Is the ideal time to be taking profits or buying? This must be a self made decision based on your timeframe or entry points. I believe the whole Cryptosphere could rally into July and of course there will be minor corrections along the way.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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That was an impulsive break to the upside, hopefully it continues going to the upside.
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a long waited bull!!! go ethereum!
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Another bull run, anyone?
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good postings with interesting and very useful imformation .. maybe this is a bit of my comment because I still do not understand about it, my comment is as I follow you always and I like your post ..
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Ethereum is in 'big four' that is listed and easily purchased on Coinbase. It is also one of the major assets that is used as the basis of trade on multiple sites and also has a large following in the community due to the history of its' mining. That being said, it should be no surprise that Ethereum will rise again to the proper correction zone above where it was before. I was truly surprised to see such a low dip with it in the past three months. Although I'm not a huge bag holder of Ethereum, I do believe there's a definite future with it. -Respect
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Interesting article and very informative, thanks for sharing. I've smashed the upvote button for you!
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wow
good post
thanks for shareing
keep it up
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thx!
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useful information! well done ETH
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On the "verge"... If i understand the subtle cues, verge should soon shoot up to around $525. Thanks man!
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That's correct, in this case, verge means about to take out the $525 level.
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I knew it! Verge XVG to the moon!
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