Ethereum:the road to 50000 with a short stop at 150

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
Similar to bitcoin happenings in 2014-2017.
Short term, Ethereum will brake a year long trend line , followed by a capitulation of the market.
We'll consolidate for a half year then before resuming the bid for global dominance.
Trade active: This idea seems to be coming to fruition with a break of the trendline after having enjoyed a super weak bounce compared to other crypto's. Since Ether has only broken the trendline with 5 USD margin (and on this time scale it's hard to draw the perfect trendline) I do no recommend buying right here. I think the capitulation phase is still to come in the following weeks/months.
Seeing bitcoin still at 7000 but Ether at 253 means that the 150 USD call is more likely today than when the idea first got published.
Trade active: Ethereum convincingly broke the trend line and sold off to 176 USD but it seems to me there was no selling climax and capitulation.
It seems essential to me that ethereum has this capitulation in order to establish a new bullish trendline that it can follow in the years to come.
For now though sub 150 seems still in the cards.
Comment: Arrived at 150 today!
Can still go perhaps 10% lower but this is a great opportunity to start buying.
If you miss it I dont think we might never see this again.
Sub $150 is the new sub $10.
I like this. The biggest problem is capitulation is only seen in hindsight. $150 may never be seen again.
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