Ethereum is still in the top 3 blockchain companies ranking number 2 by market capitalization. So without further ado, let’s take a look where the major altcoin is heading next.
Since Ethereum hit the major resistance around $350, it retraced all the way down to the major support at $165. While it attempted another rally toward the upside, it was harshly rejected by the 50-week-EMA which followed another re-test of the $165 support. The RSI gives no lear signal and the MACD’s histogram is ticking lower, which is rather bearish. For now, it seems likely that ETH’s trend for 2019 will touch the major support between $80-$165 again before going for a re-test of the resistance at the $350 mark.
The daily chart of Ethereum shows a small bullish divergence in the RSI, which gives hope that ETH will soon move towards the $200 mark in the near future.
While the enormous energy consumption of the mining process gives a reason to be concerned about the future of crypto, ERC-20 tokens like EMJAC (EMJ) uses an Advanced Continuous Air-lock System Thermal Recovery Unit (TRU) to ensure a full recovery of waste tyres with NO release of harmful emissions and utilizes a state-of-the-art air pollution control measures. The patented “Air-Lock” system allows the TRU to be operated in a fully closed environment diminishing any pollution to the environment. Advanced Continuous Air-lock System Thermal Recovery Unit (TRU) is an innovative thermal recovery newly developed concept that has the potential of converting waste tyres into value-added products. This whole system is equipped with a Centralized and Dedicated Control Unit for process monitoring and operations control. The TRUE operates in a fully closed system where the absence of oxygen prevents the waste tyres from burning.