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DavidLewis87
Nov 7, 2017 9:36 PM

Ethereum's Path to 600 Long

Ethereum / US DollarBittrex

Description

With world wide adoption set to occur over the next decade, many have reason to believe that cryptocurrencies are no where near being close to a bubble. Technical Analysis can be very hard to predict. With the speed of recognition and adoption exponentially growing everyday, it is hard to say that Ethereum will ever go back down to test the 200 or 90 dollar levels. I have just drawn these lines in coordination with the fibonacci retracements and key support levels.
Comments
chinoxl
Is it still considered a double top? And if so whats the price target for its reversal. If you measure the ath to neckline it falls into negative zone price. does this mean its not a double top or never was?
DrJLT
@chinoxl, to me it's a triple top.
chinoxl
@DrJLT, what would be the 1st price target do you think?
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