Let's take look at Ethereum/Tether logarithmic chart:
As you can see, I calculated an AB=CD pattern on weekly chart that 1 Fibonacci Extension level is on $4790.
On the daily chart we can see a smaller ABCD extension pattern that it's 1.618 Fibonacci Extension level on $5072 overlaps on our previous Fibonacci level.
This makes me come to this conclusion that this area will be an important PRZ area and an easy peasy target for ETH. It is obvious that market always has it's ups and downs but I'm waiting for at least $5000. Then decide for higher targets..
What is your point of view or analysis on ETH/USDT, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
As you can see, I calculated an AB=CD pattern on weekly chart that 1 Fibonacci Extension level is on $4790.
On the daily chart we can see a smaller ABCD extension pattern that it's 1.618 Fibonacci Extension level on $5072 overlaps on our previous Fibonacci level.
This makes me come to this conclusion that this area will be an important PRZ area and an easy peasy target for ETH. It is obvious that market always has it's ups and downs but I'm waiting for at least $5000. Then decide for higher targets..
What is your point of view or analysis on ETH/USDT, I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Trade active:
Don't worry guys Ethereum is still on the track to $5000 but the market is making a correction. After that ETH will go up fast.
You can click on the image below to check out about market correction:
You can click on the image below to check out about market correction:
Trade active:
If market collapses again and moves downwards.. $1500 and $1250 may be good opportunities to but Ethereum for our +$5000 target.. I'll add more ETH to my bag on these targets..
Comment:
Do you still think $5000 ain't an easy target for Ethereum?? ;)
Trade active:
ETH Bullish wave to $5,000 is started folks.
