Ethereum will Rise Soon
I predict Ethereum to rally hard until next year. Price target $1000 August 2020.
There is a cup & handle pattern that will push Ethereum to the slant resistance line. It will only be a matter of time.
There is a cup & handle pattern that will push Ethereum to the slant resistance line. It will only be a matter of time.
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Ethereum is also at an area of strong support - 200 daily SMA, along with the pink trend line and horizontal purple support. The cup and handle pattern should give more clues that a rally is near.הערה
Just a note - I have not been wrong on my previous Ethereum calls.
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Ethereum is being supported by horizontal support, slant support, and the 200 SMA. The last time this happened and there was a huge rally.
This could be a good buying opportunity.
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If Ethereum closes below $191 it is a sign of worry and this idea may fail.הערה
More clues on Ethereum's rise -הערה
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ETHBTC can still drop another 30%, but it is unlikely.
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This last pic was making note of the descending triangle pattern, which did play out as ETHBTC did lose the support. But I do not think it will reach the target bottom and should reverse.
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I think this is a solid entry for Ethereum. Anything under $225. The $70 seems to be the low comparable to Bitcoin at $3100. Too many indicators lead me to believe in a bull run for Ethereum. Even if I try to look at it through a bearish perspective, I just don't see it going much below $150.
Long term risk reward looks great.
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Another buy signal -הערה
cryptonewsz.com/ethereum-price-analysis-eth-is-unlikely-to-get-back-to-its-monthly-high-of-277-anytime-soon/36430/Some idiot is bearish on it and wrote an article on it.
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cryptonewsz.com/wp-content/uploads/2019/08/ETH-1.pngHe doesn't post his charts on TV, but instead on his web site to get traffic.
There is insufficient detail in his chart, just 3 curves drawn, looks like a 3rd grader analyzed it.
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Quite an unfortunate situation - I will be holding onto my position though. Possible recovery around $150. I may mark this idea dead in a few days.
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One of the hardest things to do is to pin down a reversal, and there's a high likelihood to be wrong, but I still think a bull run is inevitable for ETH.העסקה בוטלה באופן ידני
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.