Price above: 247$ makes this chart plausable
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.
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.
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 $130.
Bears last stand
Cake for dinner.
ITS DEFINITLY POSSIBLE
I BELIEVE WE WILL GO TO 130-140$ RANGE.
YELLOW OR RED CASE? :)
WHERE DO YOU BELIEVE WE WILL GO?