are tight on higher timeframes. Moving averages have been stacked.
Its trading sideways around the EMA50 for 2 months.
I see three scenarios:
- red channel, guess it would be only possible with new bad news, this would be a heavy capitulation with blood in the steets.
- Sideways in purple triangle, dont really believe in this
- Break out up and tripple top. Must break out up 0.023 and make a new high, guess its the most likely scenario for now.
fundamentals will be important, what will happen on devcon2? Is ethereum classic the real eth? Are new projects in pipeline? Is golem really the uber for computers?
which caused a bit panic but was fixed immediately https://github.com/ethereum/go-ethereum/commit/e44b2dc8817c3f9ff4bfcc03d73ec7890dd36fcf
This could have trapped some shorts. Could be the fuel for breaking out?
So with the ongoing attacks and patches it's hard to make a guess for short term price movements based on technical analysis.