Volatility is rising again. This is happening exactly during the volatility window we predicted. Cryptocurrencies have not escaped volatility. But so far there hasn’t been a really big drop. This is not to say that cryptocurrencies cannot accelerate downtrends.What we’re saying is there’s enough support to avoid another big crypto crash similar to last May/June.
One crypto chart that shows our perspective is the Ethereum chart embedded below.
Ethereum: Purchasing Opportunities Underway:
- There are many resistances in the area from 1549 to 1658.
- It is Ethereum’s third attempt to wipe out the area since last summer.
- A breakout is expected on the 4th trial, but 4-6 weeks later.
- It all depends on how low ETH goes. If 1336 support holds up in March, ETH is confident that this year he will clear 1658 by April.
Interestingly, nothing has hung on the measurements since then.
The most important level to watch is bullet 4 (see above), as volatility is rising.It all depends on how low ETH goes. If the support at 1336 holds up, we are confident that ETH this year will clear 1658 by April if the support at 1336 is maintained. ”
We can say it more precisely by pointing out that it is the 1235-1336 area that provides support for confirming “buy dip” opportunities. We are always looking at 3-5 day closes.
1235-1336 does not crash. For now, it looks like this area will provide strong support. However, as always, the market has the final say.
You will receive a response from the market within the next 10 calendar days.
Our crypto research service tracks relative strength with a watchlist of 30 tokens. We also expect at least one unicorn (multibagger) to appear before summer begins.