I have been seeing the people flout the target of $20,000 for Ethereum, so thought I would have some fun at trying to predict how it might get there!!
1) ETH starts run bull Dec 2016.
Pumps approx 7057%
2) ETH the retraces approx 70% to a price of approx $130.
Draw a fib retracement from the high of the pump at $422 to the bottom at $130
The 4.236 then lines...
4HR chart looks pretty clean now
Clean takes of 20 and 50EMA's
Huge liquidity grap during Asia again last night - like old times - allows it to move higher with more ease
Clean takes of that 2.0 fib level and ETH will look to move higher - 2.618 the target at $2090!
However if heavy resistance round that area, $1840-$1870 - this move will look like a very strong...
Ethereum breaks it's previous ATH's in style with this explosive move from its bullish flat top triangle formation
My realistic target is highlighted at $2286, using the same method I did on BTC which worked brilliantly, making a fib from the previous ATH to the lowest point between now and then
In the mean time, daily candles created us an SR zone highlighted in...
For the record, I hold both and I'm a fan of both. It's no big secret that Ether is a huge performer of recent weeks and has some great potential upside in it. Silver has been consolidating but was coiling for a breakout even before the silversqueeze campaign. (One of my other charts shows how that has kicked off). We're showing signs of exhaustion on XAG/ETH so...
This is in my opinion the best time to go long on Ethereum. If I am correct then that'll be the fourth time in a row, please use proper risk management when trading and remember the market is unpredictable.
The best way to trade this right now is to focus on where the support and major support trendlines are. If we go based on this it means we have an idea where...
At the beginning of 5th Wave Impulse here. Fibonacci levels for goals and expected time for completion. Invalidated if we drop below start of fractal. I will be watching this space carefully and modifying goals, as the market action unfolds.
ETH looks Bearish, It had a good run but with bitcoin not looking too happy at the moment it seems unlikely it will break out of its current trading range. Watch todays video for more context on this chart!
Ethereum looks poised to breakout from a descending wedge on the 3 day chart.
With many predicting a short term bleed to the downside short term the macro chart is telling us that a reversal is now very close.
Monfex is at your service and today we overview ETH/USD .
By breakout the local key level - the price will target the middle zone of the descending channel.
Mid-term trend still bearish and ETH in the price range between key levels. Breakout of which will define the trend.
RSI is going to the oversold zone at 1D chart analysis.