tcormier321

Ignore the messy chart, look to $1,600 on ETH long position

BITSTAMP:ETHUSD   Ethereum / U.S. Dollar
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Looking for the bull run to continue.

RSI , MACD , and Awesome Indicator are following their old trends. After hitting a new ATH RSI dips below 50, MACD and Awesome Indicator go slightly negative, and we retrace the fib levels. Then, we go toward the 1.618 fib extension to set another ATH . If this pattern continues we should look for $1,600 on ETH for the next all time high before repeating the trend.
Comment: Adding on, we got our "some pullback" that I called for. It took us down to the 0.618 fib level and quickly returned back on. It may pull-back a bit again before the climb to $1,600, but there is strength in this market right now and I wouldn't wait for it. The pull-back opportunity likely has passed. It was a great opportunity to add onto your stack, but don't hope it will happen again.
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