Long Term- The entire crypto market continues to hemorrhage cash as the air is slowly let out of the massive PND crypto bubble. I believe ETH will continue to underperform Bitcoin as well as Gold and Silver.
Mid-Term- Ethereum is stuck in a descending channel, My middle term targets are shown below as $80, $32 and $2 (lotto pick), all of which line up with Fibonnaci targets.
Short Term- A pump into the mid to low 120's would not suprise me however I do not find it likely, either way we fall off the cliff soon IMO.
Best of luck and much love to all,
Red Boar
Mid-Term- Ethereum is stuck in a descending channel, My middle term targets are shown below as $80, $32 and $2 (lotto pick), all of which line up with Fibonnaci targets.
Short Term- A pump into the mid to low 120's would not suprise me however I do not find it likely, either way we fall off the cliff soon IMO.
Best of luck and much love to all,
Red Boar
Note
Short Term Update--Has ETH lost its up channel or is this a fakeout?
Note
Still holding the breakdown channel however, I would be very careful as the weekend approaches...a stop run higher would not suprise me.
Note
Well we got our low volume weekend pump, I am not convinced until we take back these key levels.
Note
So far the channel is holding and my prediction that we could pump into the 120's has been fufilled...if the top of the channel holds then wow this is going to get ugly!
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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.