ScottCarney

ETHUSD 3.14 Acceleration

Long
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Several months ago, I posted a 30-week cycle projection that targeted 545 by January 31st. The price target was obliterated and the trend is now accelerating to a MINIMUM 3.14 extension at 1130. The recent breakout has triggered the move which has the support of EXPANDING RSI on the Daily and Weekly timeframes. The 30-week time projection is still valid but the price target now sits at 1130 (as high as 1300). I MUST REITERATE THE SPECULATIVE NATURE OF THESE MARKETS IS NOT TO BE UNDERESTIMATED! However, the continued strength at key harmonic levels continues to define measured opportunities.
Scott Carney
http://www.HarmonicTrader.com
Founder

Comments

ETH shall bounce around 862.97852167 - 873.05507205 before another shot.
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