We seem to be close to an Ethereum breakout
A couple of days ago, I published the base for this idea here , and it went accordingly, however, I decided to correct some things, since I believe we are near a breakout.
This is part of the original text...
Since harmonics and impulses proved noneffective, I went with a simple triangle and I see two possible outcomes:
1) If A1 and A2 are the legs of a double bottom , we will see a nice breakout.
2) If ETH market continues this indecisive, it will probably go for the breakout at EoT.
If it doesn't explode at EoT, then it will probably fall all the way to test .95 (around 230USD), and if it finds support (which it will, because many people is waiting the lowest point to enter) it will have a strong uptrend.
I am in Ethereum, but then again, this is just my point of view. If you find this information useful, interesting or merely entertaining, please let me know.
Thanks!
This is part of the original text...
Since harmonics and impulses proved noneffective, I went with a simple triangle and I see two possible outcomes:
1) If A1 and A2 are the legs of a double bottom , we will see a nice breakout.
2) If ETH market continues this indecisive, it will probably go for the breakout at EoT.
If it doesn't explode at EoT, then it will probably fall all the way to test .95 (around 230USD), and if it finds support (which it will, because many people is waiting the lowest point to enter) it will have a strong uptrend.
I am in Ethereum, but then again, this is just my point of view. If you find this information useful, interesting or merely entertaining, please let me know.
Thanks!
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