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cautious_trader888
Jan 3, 2021 11:32 AM

2021 Outlook - Ethereum (ETH) Long

Ether / United States DollarCoinbase

Description

Sharing my forecast

Best estimate
The best estimate ETH Price I'm looking at is $$3,501.73 using Compounded Annual Growth Rate (CAGR) or 2.618 fib level.
Computed as: 2020 Closing Price x ( 1 + CAGR)
= $737.80 x ( 1+ 374.62%) = $3,501.73

Conservative estimate
That's the height of the triangle and put that at breakout, and that's approximately $1,931 or that's fib 1.382 area.

Worst estimate
Worst case scenario, I'm looking at previous low of $100.

Risk reward ratio seems attractive at 4.33.

Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
Comments
55982f5ae2494697b0bb273eb04d81
i think the target here is 900-910usd then go dowwn to 688-710usd then go up again 1500usd
geekpe
@55982f5ae2494697b0bb273eb04d81, yap
is necesarry a correction 6xx-5xx usd
i not think this could move to 1xxx usd
TheResistanceTrader
@geekpe, Boom you said so... can I ask what is the price right now?

Joylin is becoming better and better each day
geekpe
@Hesukripto_Beneregesh, 9xx.. why
correction in process..(maybe is small)
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