ETH LOG | Long term potential

Let me hold your bags :)

Note

Price below: 180$ invalidates this chart
Price above: 247$ makes this chart plausable

Note

Cup & Handle, Inverse head and shoulders,
Powerful patterns, lage scale patterns = Larve movment.
Approx measurement for inv HS is roughly 4.236 extension.
Cup and handle potentially beyond that.

Crypto market in general will experience immense growth next year.
Consolidation and accumulation will come first.

Note

Volume is fading exponentially.
Look at the last 4 weekly volume candles, it has had almost 0 impact on the price. The largest selling volume ever on ETH and we have barly moved anywhere someone else is also holding your bags. I can't give much credit to the bears in this range. I give the bears one more attempt to clear out the market, i see at the most one impulse down before we start moving.

Note

Start moving Up*

Note

I cleared the chart of most indicators but Fib circle, Fib time, Trendline, support and resistance are speaking about this number. - $137
This does not change the long term price forecast I made in this chart. it actually will increase the likelyhood of a even larger upside as the patterns scale increases.

$137- I believe this is where the last bearish impulse will put us before market will turn around. And i believe it will be fast when we do turn around, because in max 4 months time we will start to be bullish.

Personally I will average my buys sub 200$ all the way down to ~135$ My stop loss will be $130.

Bears last stand

Note

I'm gonna celebrate when i pocket loads ETH at a avg of 145$.
Cake for dinner.

Note

Don't fomo
laters

Note

SOME BELIVE ETH WILL GO TO 100$,
ITS DEFINITLY POSSIBLE
I BELIEVE WE WILL GO TO 130-140$ RANGE.
YELLOW OR RED CASE? :)
WHERE DO YOU BELIEVE WE WILL GO?

ethhunter

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

ethhunter