On the left ETHUSD big run up from a little over a dollar to almost 400 is eerily similar to BTCUSD big run up to 20 K.
How long could this consolidation potentially take? It took ETH 4.5 months for the 20 MA to catch up with the 50 MA and start the next wave higher but when it did, it moved from 300 to 1400... that would be like BTC moving up to the 60 K area sometime around the beginning of May.
How long could this consolidation potentially take? It took ETH 4.5 months for the 20 MA to catch up with the 50 MA and start the next wave higher but when it did, it moved from 300 to 1400... that would be like BTC moving up to the 60 K area sometime around the beginning of May.
Comment:
Or even longer now that I look at it the way I sketched it... wow...
It would take until the beginning of May to complete the consolidation and then another 2 to 3 months to make the new high to 60 K so maybe August