Updated

ETHUSD headed to 152 ? Ethereum has Acceleration + Momentum

Nice bounce in Cryptoland, and ETH was in the lead.
See my previous analysis below which called the bottom at 113-114.
Now I am thinking we should test the 150 zone again.

Above chart is an interesting Fib study:
Each green extension is 1.618x the previous line.
That is of course the Golden Ratio of growth.
Will it grow by another leap?
Looks plausible!

Previous call for Bottom:

ETHUSD retrace watch: Etherrium hit targets + buy again zones

Note

First support zone obviously relevant

but I dont think that is enough of retrace. However, it is good to know that the plotted fibs are quickly proving themselves. If it really does bounce here and make a new high, I will be surprised but elated since I am PermaBull.

Note

UPDATE: my wave count may have been hasty. We might still have wave 5 to finish at about 144.

That .236 retrace fib of last leg up will be the key to watch

Note

Original plan still in play. A brief spike about the .236 key level, then dump

so another bull trap I guess
.

.

Note

this 1min ETH red fib indicates retrace to 126.91

Note

Here we are at the 144 mark per my updated count above

Note

This zone was pierced, but still has some force. And notice the EXACT confirmations of the boundaries.

Note

Target hit, quite precisely.

looks like it wants more, will update

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related publications

ETHUSD study of Elliot Waves and Fibonacci: Etherium waves

by EuroMotif

ETHUSD retrace watch: Etherrium hit targets + buy again zones

by EuroMotif

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag