illy0x

Consolidation/Accumulation before breaking up

BITSTAMP:ETHUSD   Ethereum
In a previous prediction (named 1.6) we anticipated that the price of Eth would break to the upside, whether or not this is imminent is unclear. The current structure suggests that price may play out as shown on the chart. Once price reaches the target for the current move price is free to either reject the target and continue the range or potentially break up in an attempt to fulfil the larger scale prediction.

I'd like to apologise for my obscurity and lack of care in regards to the transparency of my past predictions. Their purpose is not for them to be fully comprehensive roadmaps for price that people are supposed to be able to understand. It is simply a way for me to document my predictions. In the past i've been told that my TA is vague and that i'm completely wrong on one prediction in particular, before they even knew the outcome! (Referencing the $ETC short named '80085', go and check it out!)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.