EuroMotif

ETHUSD headed to 152 ? Ethereum has Acceleration + Momentum

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Nice bounce in Cryptoland, and ETH was in the lead.
See my previous analysis below which called the bottom at 113-114.
Now I am thinking we should test the 150 zone again.

Above chart is an interesting Fib study:
Each green extension is 1.618x the previous line.
That is of course the Golden Ratio of growth.
Will it grow by another leap?
Looks plausible!

Previous call for Bottom:
Comment: First support zone obviously relevant but I dont think that is enough of retrace. However, it is good to know that the plotted fibs are quickly proving themselves. If it really does bounce here and make a new high, I will be surprised but elated since I am PermaBull.
Comment: UPDATE: my wave count may have been hasty. We might still have wave 5 to finish at about 144. That .236 retrace fib of last leg up will be the key to watch
Comment: Original plan still in play. A brief spike about the .236 key level, then dump so another bull trap I guess
.

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Comment: this 1min ETH red fib indicates retrace to 126.91
Comment: Here we are at the 144 mark per my updated count above
Comment: This zone was pierced, but still has some force. And notice the EXACT confirmations of the boundaries.
Comment: Target hit, quite precisely. looks like it wants more, will update
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Comments

Excellent!
Just hit your estimated Target
Reply
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