EuroMotif

ETHUSD headed to 152 ? Ethereum has Acceleration + Momentum

EuroMotif Mod Updated   
COINBASE:ETHUSD   Ethereum
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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