Profit Target Hit: Ethereum

Jan 7, 2021

Ethereum has made new highs again, reaching exactly our profit target that we have been proffering in these briefings. This target was $1216 and we've been pretty vocal about it. Our target time frame was two weeks, and it reached the target in 3 days. This is a bit concerning, as we'd like to see some ranging as the product should find footing in its new territory. Observe that we have some significant vacuum zones below, so if there is a selloff it will hit hard. A significant selloff could take us back to 1K easily. Again, this should be thought of as a buying opportunity, just don't be scared if you see your balance at -20% if you fomo in at highs.