WyckoffMode

Estimated Target Range for Simply Rally in an Ascending Channel.

Long
WyckoffMode Updated   
POLONIEX:ETHUSDT   Ethereum / Tether USD
As I've mentioned in the previous video publication for ETHUSDT (linked below in "Related Ideas"), I do not anticipate a test of ATH (All Time High) by year end; as I anticipate BTCUSD to test ATH by year end. I do anticipate both ETHUSDT and BTCUSD to at least double or a little more than double the LOW we encountered on this dip down from the HIGH in late June, 2019. If BTCUSD doubled it's current low of $9,050 on BitStamp , that would be approximately $18,100. However, I'm anticipating a little more than double. If ETH doubled it's low of $163.78 on this dip down before we began climbing hard September 16, 2019, this would put a price target of approximately $327. However, I'm expecting the price to a little more than double.

You will see I placed Gray Box inside the rising fork on the chart to identify WHERE and WHEN the price range target is located as well as the TIME Range of reaching that PRICE Target Range. I'm posting the chart again below; just in case TV's platform scrunches up the cover chart for the publication (above).

Comment:
I placed a LARGER Pitch Fork on this chart to let you visualize what I mean in the title by saying we are in an Ascending Channel.

Comment:
A zoomed in view for ETHUSD:


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.