The exchange rate can be used to build a second rising fractal. In this case, the primary target price is 366 usd. The percentage of rise (60%) is equal to the percentage of the previous fractal increase. In the event of a more pronounced rise, the second fractal target (secondary) may change to 120%. I will continue ....
While the price is above the support 162.650, beginning of uptrend is expected.
We make sure when the resistance at 264.800 breaks.
If the support at 162.650 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI support #1 at 44 is not broken, the probability of price decrease would be too...
My last position from 168 - 207 recently closed and now looking for new entry following retracement.
Price still remains within curve and rose much quicker than I originally anticipated, likely due to BTC holding on support.
Possible further extension to 238, should ETH move back to Nov '18 levels.
SL: 182 or break of curve.
Following my last post, ETH is still looking attractive for further gains.
Long from my last post opened at 168, now looking toward 192, with possible further upside to 207 should price remain within the curve.
Great fibs working well within the asc triangle, with classic 618 retracements signallling good buy areas. Interesting time cycle that shows regular up and down cycles. If hostory repeats, some sideways action in may, then an impulse up to test 200 and beyond on 24th May.
Not painted a bear scenario as this looks continually bullish. Bitfinex / tether...