chartadamus

ETH 2018 prediction

Long
chartadamus Updated   
KRAKEN:ETHUSD   Ethereum
If ETH manages to stay in it's channel we could be right now in Wave 4/5 after EW and see some significant gains in 2018.
Comment:
Should be TP2 at 10k.
Comment:
So far our idea went very well with 250% profits. For the next days I expect a pull back, since we can see Three Black Crows pattern on the 1h chart.
Comment:
ETH gained some momentum lately, mostly due to BTC rising as well. I expect to see a bit more sideways movement before a crazy rally in May/June.
Comment:
We are still going sideways on a larger scale. Since momentum for BTC is rising slowly as well, I expect now the bull party to kick off in beginning of Q3/18. 8-10k are possible until Q4. Let's see some magic happen here.
Comment:
ETH is grinding on the support of it's main channel right now. As soon as we break the resistance of the downward trend we can expect to see a journey to the moon. Sentiment is growing stronger, we have the ETF announcement in a couple of weeks – let's get ready.
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