nemo, ethereum looks like it is at the fork in the road. either bear market starts exactly right now or it will start a major bullish pump upwards. it has to choose. right now.
here's why i'm leaning towards going down.
[imgur] [
link to imgur.com (secure)]
picture 1, it is potentially double topping at a major price point going back two years. not good at all. especially with the bearish divergences in the picture below
~~~~~~~~~
~~~~~~~~~
~~~~~~~~~
[imgur] [
link to imgur.com (secure)]
-classic bearish divergence on the daily macd -white lines and white text
-hidden bearish divergence on the daily rsi (with the daily rsi at 70) - yellow lines and yellow text
_________________________
_________________________
i'm ready for the bear market to end. just start dumping already