Ethereum will Rise Soon
I predict Ethereum to rally hard until next year. Price target $1000 August 2020.
There is a cup & handle pattern that will push Ethereum to the slant resistance line. It will only be a matter of time.
There is a cup & handle pattern that will push Ethereum to the slant resistance line. It will only be a matter of time.
Uwaga
Ethereum is also at an area of strong support - 200 daily SMA, along with the pink trend line and horizontal purple support. The cup and handle pattern should give more clues that a rally is near.Uwaga
Just a note - I have not been wrong on my previous Ethereum calls.
Uwaga
Uwaga
Ethereum is being supported by horizontal support, slant support, and the 200 SMA. The last time this happened and there was a huge rally.
This could be a good buying opportunity.
Uwaga
If Ethereum closes below $191 it is a sign of worry and this idea may fail.Uwaga
More clues on Ethereum's rise -Uwaga
Uwaga
ETHBTC can still drop another 30%, but it is unlikely.
Uwaga
This last pic was making note of the descending triangle pattern, which did play out as ETHBTC did lose the support. But I do not think it will reach the target bottom and should reverse.
Uwaga
I think this is a solid entry for Ethereum. Anything under $225. The $70 seems to be the low comparable to Bitcoin at $3100. Too many indicators lead me to believe in a bull run for Ethereum. Even if I try to look at it through a bearish perspective, I just don't see it going much below $150.
Long term risk reward looks great.
Uwaga
Another buy signal -Uwaga
cryptonewsz.com/ethereum-price-analysis-eth-is-unlikely-to-get-back-to-its-monthly-high-of-277-anytime-soon/36430/Some idiot is bearish on it and wrote an article on it.
Uwaga
cryptonewsz.com/wp-content/uploads/2019/08/ETH-1.pngHe doesn't post his charts on TV, but instead on his web site to get traffic.
There is insufficient detail in his chart, just 3 curves drawn, looks like a 3rd grader analyzed it.
Uwaga
Quite an unfortunate situation - I will be holding onto my position though. Possible recovery around $150. I may mark this idea dead in a few days.
Uwaga
One of the hardest things to do is to pin down a reversal, and there's a high likelihood to be wrong, but I still think a bull run is inevitable for ETH.Zlecenie zamknięto ręcznie
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