ETHUSD: Breakout of the downward trend-line, 30% short term
Today it seems that ETH/USD broke out from the downtrend on the 4H charts. This can be confirmed by the breakout to the green on my MACD 4C indicator.
The deep support remains still around 875 USD, and medium support levels around 950 USD.
I am seeing two resistance levels ahead at 1150 USD and at the target for the next rally of 1400 USD.
If we see a re-test of 1400 USD I am confident it will push through to the 1500 USD levels, and who knows how low that will dip to again. I see +7% being realistic in the coming days, with a +30% increase this weekend or sometime into next week possible.
I am still expecting 1500–2000 USD range in February, which would be as much as 100% increase from earlier this week.
Good luck to all!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
The deep support remains still around 875 USD, and medium support levels around 950 USD.
I am seeing two resistance levels ahead at 1150 USD and at the target for the next rally of 1400 USD.
If we see a re-test of 1400 USD I am confident it will push through to the 1500 USD levels, and who knows how low that will dip to again. I see +7% being realistic in the coming days, with a +30% increase this weekend or sometime into next week possible.
I am still expecting 1500–2000 USD range in February, which would be as much as 100% increase from earlier this week.
Good luck to all!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
Comment:
Updated for recent activity, and new future 1800 target:
Comment:
KEY UPDATE JANUARY 30TH 2018
Comment:
Comment:
Trade closed: stop reached:
This idea is mostly scrapped. Look at my most recent post for more update info...
