There is a downtrend short term which is about to break at +/- 1045. I see Ethereum break this resistance line with power upupup. Fingers crossed today. I can not imagine a downtrend continuing for several weeks. There is too much money and power which wants to get in. Gogogogo. Thanks for sharing your chart.
Lanmar
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@MichaelShutterbug, agree with you Mike. At this point I'd be seriously surprised if there is a breakdown from here. Also, I drew this parabola incorrectly. Ethereum update (newest update of ether) is the current/right parabola.
janski
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Watch it go to 865 and reverse. You can cry after. Or you can buy there with the rest of us and smile.
@LikeATr3B, Because it crashed to the previous top and then proceeded to gain 66% 3 times already. It followed a similar yet different pattern different proportions going from 1 to 15 and 15 to 410.
Coinbase has an outlier at 22.12.2017 going down to 460, because of that, your parabola is completely invalidated - check other exchanges, furthermore, for the price to continue moving up your parabola, it's just too fast, even crypto cant gain that fast ;)
Get in at between 880 and 840 and you'll be a happy man. Stop loss out if it falls below 800 and rebuy around 520. If scenario 2 unfolds, sell out around 700.
Good luck!
Lanmar
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@janski, Thanks, good points. Updated with different parabola