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.
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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.
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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.
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More clues on Ethereum's rise -
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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.
He 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 $150. I may mark this idea dead in a few days.
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One of the hardest things to do is to pin down a reversal, and there's a high likelihood to be wrong, but I still think a bull run is inevitable for ETH.
buy back at 90$ or 0.01btc
hardfork eth 2.0 is coming the next months
eth will come back to its normal course of 0.045btc
UnknownUnicorn1000353
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@table001, tether volume is higher than btc volume today, such a bad sign
table001
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15th of august bottom every year
its psychological
but here is proof that there are no institutional investors nor putin nor microsoft are involved
its just a pump and dump industry
governments and industries will develop their own blockchains and forbid all others, or they loose control
we have to go down more if we want to repeat the four yaer cycle of pump and dump
hold on to your ETH, it is the first coin to pump, but you have to wait until 1/1/2020
UnknownUnicorn1000353
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@table001, thanks for your thoughts, they are very valuable.
you should have told me earlier about august 15. i had no idea.
yes, i will still be holding on, i dont really trade much, and im mainly a holder.
table001
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nice charts and observations,
I see divergence on the day-chart macd ethbtc,
it may go lower to 0.016 until 08/10/2019 devcon5
probably there will be some positive news
cointelegraph.com/news/ethereum-20s-phase-zero-scheduled-to-launch-on-january-3-2020-devs it happened 4 years ago, and as you mentioned the btc and eth charts are interconnected
ethbtc follows btcusd,
but maybe btcusd also follows ethbtc 2016?
like this the circle is round.
"but maybe btcusd also follows ethbtc 2016?
like this the circle is round."
Haha, you make a good point, that's another fractal. So maybe BTC will go back down to $3100 in a year or so, and this also goes along with my other BTCUSD chart. I am bearish on BTC and am calling for $1600, but perhaps I should have drawn the arrow to $3100.
Anyway, whatever happens it will be interesting. At least one thing is for sure, looking at the ETHUSD chart there's a lot of support, and a critical one which is the 200 SMA. So even if I ignore the fractal pattern, I think I still have a good case for an ETH bull run.
hardfork eth 2.0 is coming the next months
eth will come back to its normal course of 0.045btc