ETHEUR: Weekly uptrend pending confirmation
I'm already long, waiting to add until I hold 50% of my account in it.
After the uptrend is activated, we can expect a strong rally lasting until June 4th at least.
Then the market could go sideways or down once more, before rallying again until the end of the year.
Two targets on chart, to be hit by June 4th, the monthly timeframe target is higher, close to 277 euros, to be hit by the end of the year or sooner.
Once we hit the monthly top target, we could see ETH start a downtrend, retracing part of the whole advance, or a longer term sideways consolidation, which could span 1 year going NOWHERE.
Good luck,
Ivan Labrie.
After the uptrend is activated, we can expect a strong rally lasting until June 4th at least.
Then the market could go sideways or down once more, before rallying again until the end of the year.
Two targets on chart, to be hit by June 4th, the monthly timeframe target is higher, close to 277 euros, to be hit by the end of the year or sooner.
Once we hit the monthly top target, we could see ETH start a downtrend, retracing part of the whole advance, or a longer term sideways consolidation, which could span 1 year going NOWHERE.
Good luck,
Ivan Labrie.
Comment:
Nailed that so far...
Confirmed, see you between 106 and 196 EUR at least, within 5 more weeks.