ETH seeking new ATH
Updated
After bouncing off from the support at ~650 it seems like the correction is over. ETH is on it's way back up to a local support barely above the 1000€/1200$ mark.
It will stay at that level for a while to consolidate and get new momentum. Then we should see ETH break upwards again to seek a new all time high.
Since BTC struggles more and more to recover from crashes an all time high at around 1800€-1900€ should be possible.
If my analysis is correct there should still be an opportunity to buy in if you haven't already. After the reach of our target it's time to say good bye and cash in.
All time high could be achieved in the beginning/middle of february.
Please like my review if you agree or comment your ideas down below.
BUY IN: NOW
TARGET: 1800€/1900€
TIME TO TARGET: ~20 days
--
all trades at your own risk.
It will stay at that level for a while to consolidate and get new momentum. Then we should see ETH break upwards again to seek a new all time high.
Since BTC struggles more and more to recover from crashes an all time high at around 1800€-1900€ should be possible.
If my analysis is correct there should still be an opportunity to buy in if you haven't already. After the reach of our target it's time to say good bye and cash in.
All time high could be achieved in the beginning/middle of february.
Please like my review if you agree or comment your ideas down below.
BUY IN: NOW
TARGET: 1800€/1900€
TIME TO TARGET: ~20 days
--
all trades at your own risk.
Note
Right now it seems like we're on our way to the resistance line.The chart is still very volatile so there is still opportunity to buy in at local lows.
Further ahead we will see consolidation below the resistance line before the possible launch to the new all time high.
Note
We might be in ABC correction cycle.You should consider saving your profit if ABC-correctioncycle continues. The last support is around 800.
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