ScottCarney
Long

ETHUSD 3.14 Acceleration

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.
ETH shall bounce around 862.97852167 - 873.05507205 before another shot.
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