$eth ATH in the making as we battle against a heavy resistance zone; a breakout here would send us into stage 6 of the cycle (10/28 post).
Daily MACD poses some concern as we didn't quite crossover. Part of me hopes that we dip back down to prevent a hard correction.
My original prediction was 4k EOM which seems like a good outcome for future growth imo. If we broke resistance here, chances are we push to ~5k which would trigger a heavy dip. Daily MACD transition would be volatile which would elongate the recovery process. This is just speculation.
Of course I wouldn't complain about 5k $eth but steady growth is better, or at least more predictable. 4850-4900 would make a good exit point imo.
Daily MACD poses some concern as we didn't quite crossover. Part of me hopes that we dip back down to prevent a hard correction.
My original prediction was 4k EOM which seems like a good outcome for future growth imo. If we broke resistance here, chances are we push to ~5k which would trigger a heavy dip. Daily MACD transition would be volatile which would elongate the recovery process. This is just speculation.
Of course I wouldn't complain about 5k $eth but steady growth is better, or at least more predictable. 4850-4900 would make a good exit point imo.
