Let's have a look at ethereum
everyone was looking forward to the hardfork this week.
this went through the rounds without any problems or incidents.
many thought ethereum goes to the hardfork "to the moon".
no this was always an update to the blockchain to optimize.
we still need specific applications for the moon landing but we are going in the right direction.
technical chart:
Now VERY many people say we have reached the bottom.
I do not believe it.
how so?
Let's take a look at the chart.
After a strong sell-off, we are still in a consolidation.
we have very strong sales pressure from above (blue line of resistance.
we close strongly over this line and can sustain ourselves over that line I would say that we are on the way to the betterment.
Unfortunately, we rebounded again and are still in a critical zone.
luckily we have the 50 EMA which in the past was a strong zone of resistance now as support.
Now that this serves as STRONG support, we have to distance ourselves from it for a while and come back to the Dan and only then do I see this as a significant support.
I continue to assume that we will see a drop in the market.
this one should be the last one.
enjoy the way
logindaten
everyone was looking forward to the hardfork this week.
this went through the rounds without any problems or incidents.
many thought ethereum goes to the hardfork "to the moon".
no this was always an update to the blockchain to optimize.
we still need specific applications for the moon landing but we are going in the right direction.
technical chart:
Now VERY many people say we have reached the bottom.
I do not believe it.
how so?
Let's take a look at the chart.
After a strong sell-off, we are still in a consolidation.
we have very strong sales pressure from above (blue line of resistance.
we close strongly over this line and can sustain ourselves over that line I would say that we are on the way to the betterment.
Unfortunately, we rebounded again and are still in a critical zone.
luckily we have the 50 EMA which in the past was a strong zone of resistance now as support.
Now that this serves as STRONG support, we have to distance ourselves from it for a while and come back to the Dan and only then do I see this as a significant support.
I continue to assume that we will see a drop in the market.
this one should be the last one.
enjoy the way
logindaten