Well, on behalf of our project, we want to congratulate everyone on the start of the ETH bull run in this bullish cycle! And the upcoming full altseason.
On November 11, we congratulated you on the start of the BTC bull run (https://www.binance.com/ru-UA/square/post/16072989044578), since then, from a price around 80,760$, the main cryptocurrency has risen almost to 100,000$, about +24%.
The argument that #ETH is transitioning into a bull run remains the same, the signal from our P73 Trend & Target Dynamics indicator on the weekly TF. A stable uptrend with nearby targets:
- 3,543$,
- 3,936$,
- 4,328$,
- 4,421$ (additional, from the monthly TF),
- 5,075$ (additional, from the monthly TF).
Let's open the weekly chart of #ETH from 2018 to show you the performance of such signals from our indicator in previous cycles. Interesting points:
- Before the current cycle, stable uptrends on the weekly TF were a solid monolith. In this cycle, there was a break. But the price is now back in a stable uptrend. And, notably, when BTC dominance is in a reversal zone.
- The stable uptrend signal from the indicator on the weekly TF #ETH in the previous cycle resulted in a rise from about 250$ to almost 5,000$ at the peak, meaning a 1,785% increase. In the current cycle, the first stable uptrend on the weekly TF provided a +100% increase. We expect greater growth from the second.
Will there be pullbacks along the way? Absolutely. Today's signal is not a reason to raise risks. But today's signal is a serious argument that those buying on the spot and prepared to ride out possible dips will ultimately find themselves in good profit with a highly liquid asset, crypto asset #2.
AND ABOUT THE PLEASANTNESS OF OTHER ALTCOINS!
According to our system's calculations, #P73Signals, besides #ETH, 42 assets from the TOP-200 cryptocurrencies by market capitalization have also shown a transition into a stable uptrend on the weekly TF! There's plenty to work with for investors 👏
