Ethereum made a perfect ABC correction and hit my targetbox, followed by a strong bounce.
I could write a long story here about all sorts of supports, resistances, harmonic patterns, h&s, bla bla but I like to keep it simple:
We might see some correction after this strong bounce but based on my Fibo calculations, its pretty clear to me that ETH is going for $ 460 at least. We might see some corrections and some downside when trying to crack the yellow down trendline and previous tops but we'll get there ;-)
Happy trading!
I could write a long story here about all sorts of supports, resistances, harmonic patterns, h&s, bla bla but I like to keep it simple:
We might see some correction after this strong bounce but based on my Fibo calculations, its pretty clear to me that ETH is going for $ 460 at least. We might see some corrections and some downside when trying to crack the yellow down trendline and previous tops but we'll get there ;-)
Happy trading!
Comment:
After strong bounce a correction. Possible bouncing area on the chart.
Comment:
Small update: ETH bounced indeed and broke out of the downtrend which is a good sign for my expectations. After this breakout its doing some correction (retest of trendline) right now before it continues up.
Comment:
ETH broke prevoious top, so the road is free to go further up.
I'm looking at this scenario:5 legs up towards yellow trendline before we might see a bigger correction.
Long term target will come on the carts by then.
I'm looking at this scenario:5 legs up towards yellow trendline before we might see a bigger correction.
Long term target will come on the carts by then.
Comment:
mid term target reached....its pumping so it might break out above the yellow trendline but I'm expecting some consolidation or even pullbach here before futher up
Comment:
Boom! Target reached!
