FA: as you all know about upcoming Metropolis hard fork and PoW to hybrid PoW and PoS protocol change, Following are things i am looking right now on ETH
As mining ETH will be difficult as difficulty increases exponentially and also the decrease in block reward will result in pure PoS consensus protocol
On a large scale this will be the 1st PoW to PoS change and there are many unknowns and Outcome is Not easy to predict
I am not long or short based on FA and this hard fork but if ETH delivers what the fork and upgrade is suppose to- Then there is a new ATH soon (600-700)
As you can see from the chart after 200 drop we have been making HH and HL which is suggesting some strong momentum in the market . I am still not yet confirmed on overall scenario of the market. Green dotted line(320) will be my confirmation that bulls are back and i will wait for a healthy retracement to go long on ETH
Green line: Bull Confirmation
on 4HR TF: 50 and 200 seems to cross and that will be long signal for long term trade.
on 1D TF: looks , is still neutral but if we follow the last two cycles- This should reach back upto 400 levels.
Shoot me up with any questions
if BTC breaks down significantly- We might see ETH back to 260 levels which is where i plan to add more
Waiting for official news-
If that's true-