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Ryzen7
Oct 25, 2021 1:14 PM

ETHUSD 10/25/2021 

Ethereum / U.S. dollarBitstamp

Description

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Sorry, busy in these days. Too rare to post new TA.
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Weekly
As you see in the Charts, Ethereum is Wave 5. My Price target for Wave is at 0.786 Fibonacci or $ 13,595.21 but this target can be extended to 0.886 or 1.000 Fibonacci in the Chart. The Price is above all supports and all moving averages in this timeframe - definitely bullish. Bullish Divergence also.




Daily
expecting some pullback before a move to upside.


4HR & 1HR


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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Comments
davidrainone47
Excellent analysis!! I can totally see this playing out. The mid cycle correction reminds me of the 2013 Bitcoin chart.
MrDamage-
20K by the end of the year? That's a bold prediction! Hope you're right!!
Ryzen7
@MrDamage-, It's $ 13,595.21 or 0.786 Fibonacci. $ 20K plus are extended targets.
yozr23361
has been so long dear you were not with us, well come back
Ryzen7
@ali_1673, Busy on offline works.
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