In my opinion; I think everything is still bull'ish and Eth will once again continue it's slow and steady climb upwards. Here are my reasons why:
- Upward Triangle - Eth is closing in and can't make up it's mind right at the $370 mark. However, it's "consolidation" is shaped upward triangle'ish. This usually signals a continuation of it's previous trend (which is upward)
- Past History - Yeah, yeah. C'mon man, you have to be more Technically analytic or you're not legit. TA is for stocks that's regulated, this is the wild wild West. Different ballgames ha! (plus, show me a TA expert daytrader who does better than a well-seasoned crypto trader). Anyways, take a look at a very similar pattern from the 12th to 14th. In it's recent past; investors usually broke Eth out upwards from an upward triangle.
- Holiday Season - (in my previous Litecoin post) I know I know, what? Traditionally, crypto coins have done nothing but go up during the holiday season. Especially during late November heading into the holidays. People spending money, people thinking about ways to re-coup the money they just spent, people feeling spend risky during the holidays, etc.
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