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15 Things You Probably Didn’t Know About Reading Cryptocurrency Charts | Reading Cryptocurrency Charts

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The cryptocurrency beasts are bullish again; experts are belief in with some actively absolute predictions for the aftermost few months of 2018. Abounding in the industry accept that the bazaar has accomplished and that a advantageous accretion could be imminent. Fundstrat’s Tom Lee has gone so far as to affair a agenda to audience admiration massive assets for Ethereum’s ETH.

Lee says the underperformance of ETH afresh may announce a “major trend reversal” is on its way. The aftermost four out of four times ETH has lagged abaft by two accepted deviations accept been followed by a comeback. Lee, assertive that affect for ETH is “overly negative”, forecasts “a trend changeabout and rally”.

The ex-strategist and arch of analysis for Fundstrat Global Advisors speculates that ETH has been hit by a sell-off as EOS confused from its Ethereum blockchain to its own token. EOS and NEO, both competitors to the Ethereum blockchain, affirmation to be faster and cheaper, putting burden on the second-ranked bread to perform.

Lee additionally blames “panic selling” by ICO teams, as abounding new tokens created in ICOs are Ethereum-based. The abiding cryptocurrency-bull additionally predicts that Bitcoin will arch aback to $20,000 for the additional time.

15 Things You Probably Didn’t Know About Reading Cryptocurrency Charts | Reading Cryptocurrency Charts – reading cryptocurrency charts
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