3,431 and 83 cents: ETH next "Boom or Bust" target in sight

Ethereum continues to climb up its Genesis Fib levels.
Just passed a "minor" ratio at 3261.70, last topping point.
Next up the Golden (1.618 multiple) level at 3431.83.

If it does NOT reach it, AND fulls thru 3261, signals possible top.
If it DOES reach the Golden Fib, it could continue to new highs.
If it NEARS the Golden Fib and slows down, expect some "Orbits".

Drag DOWN on PRICE scale to see levels above window.
Click SQUARE icon in lower middle to blow up ONE frame.
Hit "Make it Mine" under SHARING to make your own copy.

If unable to save/interact with this multi-pane chart, see this Single Pane idea:  
.

I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

.

Comment:

Oh My !

Target hit and retrace under way

Actually, the ENTIRE market pulled back with it.
Like an unstoppable Force hit an Immovable object HERE,
and that ShockWave was felt across the entire CryptoVerse.

.

Zoom IN (1 min) for a closer look:

It Danced on top of the Golden fib for a brief moment.
Just long enough to ascertain the EXACT location.
Like a tear in the SpaceTime Continuum it was found.

============================================================================================

.

Comment:

Here we are Again!

Right back to Scene of the Crime

That was a quick return, and now the real test.
As mentioned in original Idea,
the fact that it HIT the Golden Fib showed strength.

Zoom WAY IN (5 sec)

Yeah, that is the KEY level allright.

It could still reject here.
But I am thinking we go into "orbit" around it for a bit.

============================================================================================

.

Comment:

"Orbit" it is!

Still orbiting the Golden Fib, 8min view here:

Currently above the equator, but firmly within the gravitational pull.
It is a Good sign getting back above without tapping the blue fib below.
Now the question is whether the bounce can achieve Escape Velocity.

Zoom IN (1 min)

That was quite an intimate interaction with the Golden Fib.

.

Zoom WAY in (5 SEC) for a close look at the PA around the fib

and there is a clear "Impulse" emanating precisely from the fib.

Zoom OUT all the way to 1 min (lol)

and Lo and Behold!
That "Impulse" set of the parabolic "Ripples" of the wave.
But now it might need a NEW Impulse to carry it further.

.

SUMMARY:
- Still in orbit of the Golden Fib.
- We got one good Impulse and wave.
- Might need a new Impulse to keep going.

============================================================================================

.

Comment:

PING

there it is ETH Bulls

Your PING, Its now or never

============================================================================================

.

Comment:

2 words

.

Escape.

,

Velocity.

========================================================================================================

.