Back on 21 NOV 2017, Ethereum shows some promising upward movements. However, on November 27th an alert for exhaustion occurs (red triangle) and all the other indicators are appearing heavily overbought.
What I would like to point out is that DESPITE looking exhausted, ETHUSD kept climbing parabolically all the way until 7th of January 2018 !
I see similar chart patterns and similar indicators and I think it is safe to say there is a HIGH PROBABILITY that Ethereum might see a major outbreak in the next few weeks.
Please hit 👍 if you found this helpful or interesting, many thanks !
Best Regards,
Ev
What I would like to point out is that DESPITE looking exhausted, ETHUSD kept climbing parabolically all the way until 7th of January 2018 !
I see similar chart patterns and similar indicators and I think it is safe to say there is a HIGH PROBABILITY that Ethereum might see a major outbreak in the next few weeks.
Please hit 👍 if you found this helpful or interesting, many thanks !
Best Regards,
Ev
Comment:
Pretty close, almost at ATH. Check out my other ideas and give me a follow.
