Hi all! I want to share with you my ideas about price of ethereum.
1) Trend Alalysis.Today the price went beyond the bearish trend line.
In terms of trend analysis, the price will rise to a mark $617.
2) Fibo Retracement.
If we look at fibonacci ratracement that price fell to the level 0,618 ($153) and bounced. The next level it 1,618 ($650).
3) Chart Patterns.
If we look at the weekly chart, you can see the pattern of the flag. Analisys of pattern show me, that prices may went to a mark $815 (in long perspective).
In the near future i was wait prices at the mark $405 and $445 (previous highs from 08.28 and 06.12).
In my opinion that Ethereum is underestimated and in the future we will see the price higher $1000.
1) Trend Alalysis.Today the price went beyond the bearish trend line.
In terms of trend analysis, the price will rise to a mark $617.
2) Fibo Retracement.
If we look at fibonacci ratracement that price fell to the level 0,618 ($153) and bounced. The next level it 1,618 ($650).
3) Chart Patterns.
If we look at the weekly chart, you can see the pattern of the flag. Analisys of pattern show me, that prices may went to a mark $815 (in long perspective).
In the near future i was wait prices at the mark $405 and $445 (previous highs from 08.28 and 06.12).
In my opinion that Ethereum is underestimated and in the future we will see the price higher $1000.
Comment:
Trend and Fibo complete