Is there a new steeper trend corridor up to 1800 USD ahead (green one)? Or comes now the overdue correction down to at least 1.100 USD? I'm still unsure. At the moment I see more the red one. What do you all mean? I'll keep you updated.
At the moment I see three trends:
- Green (the new one).
- Blue (standard direction).
- Red (down).
In any case we are...
1. Szenario (blue): ETH still further in a upward trend. The peak could be reached at 86 USD.
2. Szenario (pink): ETH soft correction down to 63 USD. Than up.
3. Szenario (red): ETH strong correction down to 55 USD or more.
I vote for blue. ;-)
Lets see what happens. Happy trading! :-)
If the resistance line breaks (I believe in may) the upward trend continues. I believe, a long-term upward trend is developing. Fibu, MACD and Ichimoku have similar signs. Maybe two steps up in 2017: 1430 USD > 1575 USD. I think, we can expect a further upward trend for 2018.
See also my Forecast from 9 Jan 2017:...
At the moment I have three possible predictions including timeline:
Pink: Trend correction to 995 USD then up to 1515
Blue: Correction to 1200 USD then up to 1645 USD
Gray: light correction and than fast and strog up to 1860 USD, followed by a strong correction to 780 USD
Let's see what happens. I vote for blue. ;-)
Happy trading. :-)