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EuroMotif
Jul 24, 2020 9:38 AM

ETH.usd hit $271 Target, now what? Topped? ready for next Leg? 

Ether / United States DollarCoinbase

Description

Ethereum hit our previously called Target nicely.
Now it is back at the Key level and likely resistance.
What happens here will be CRITICAL going forward.

It is LIKELY to hit next fib at $288 before retrace.
It is POSSIBLE that it keeps going to the $316 fib.
It is PROBABLE that we see a retrace from $288.

Previous Analysis calling for $271 Target:


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Comment

388 in the Bag!

Nice final push to hit target
Looks like it will go that $405 fib, maybe taking out stops at $400

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Comment

Ping

There it is, ETH needed to confirm the EXACT location of that fib
Now it may pullback, or at least has "permission" to do so.

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Comment

After last update above, we did retrace a bit, but then blasted higher into the "ultra bull" target fib at $433
and EXACTLY. I suspect we go to the next fib at $450 before a significant retrace.

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