Ethereum is currently at an important decision-making zone. Currently, the long-term trend circle is pressing from below. Obven is in the mood for the weekly 50s EMA and the Ether course has to make a decision soon.
I believe we will experience glorious times at eth even though we currently have massive scaling problems. January is the decision here and we hope that the change from proof of work to proof of stake will be successful.
The change should increase the scalability of Ethereum by a factor of 1000.
back to the chart technical.
what do we see? on the one hand we see a nice long-term cycle similar to Bitcoin. The cloud now shows that it is too early for a breakthrough. But the Bitcoin has already told us that it can go fast and such deficiencies can be overcome with ease.
What struck me is that the cloud has given the go-ahead since January. This is also the time at which the PoS should be approached.
Now I think we will overcome the 50 EMA in a first step and continue to hike sideways until we are slowly aiming for the start of the moonrocket in 2020.
What do you think?
I believe we will experience glorious times at eth even though we currently have massive scaling problems. January is the decision here and we hope that the change from proof of work to proof of stake will be successful.
The change should increase the scalability of Ethereum by a factor of 1000.
back to the chart technical.
what do we see? on the one hand we see a nice long-term cycle similar to Bitcoin. The cloud now shows that it is too early for a breakthrough. But the Bitcoin has already told us that it can go fast and such deficiencies can be overcome with ease.
What struck me is that the cloud has given the go-ahead since January. This is also the time at which the PoS should be approached.
Now I think we will overcome the 50 EMA in a first step and continue to hike sideways until we are slowly aiming for the start of the moonrocket in 2020.
What do you think?