ETH SQUEEZE !
After todays BTC sell off returning us to the range of the previous ATH , many alts have started to warm up and show volatility ! ETH was first of the major alts to start running having a 10% gain during mid-day (utc) while now sitting at -0.5% near the end of the day (utc)!
While many alts look set to rocket , eth dosent join that list for me . It had a 20-50 ema cross and now the 20 ema slopes down to attack the 200ema . Potentially price will look to get stuck between these two points until BTC gathers steam or manages to consolidate for a long enough period of time !
Ill continue to monitor ETH on a higher time frame due to its extremely bullish outlook however for the next few days i struggle to see any new ETH ATH's .
-Oliver :)
While many alts look set to rocket , eth dosent join that list for me . It had a 20-50 ema cross and now the 20 ema slopes down to attack the 200ema . Potentially price will look to get stuck between these two points until BTC gathers steam or manages to consolidate for a long enough period of time !
Ill continue to monitor ETH on a higher time frame due to its extremely bullish outlook however for the next few days i struggle to see any new ETH ATH's .
-Oliver :)
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