ETH A Closer Look - May 21, 2021 Target $5900
Decided to take a closer look at the Eth charts today. The 4-hour chart shows a definite bullish pennant forming and we're touching the top of it.
If we break out in the next 12 hours, it's possible that over the next 11 days we'll be on track to $5900.
I'm only publishing this for my own record-keeping because I don't know that I believe we'll hit that value anywhere within the next 30 days.
Looking back at the Daily chart, I also see that we're in new territory, so it's difficult to do any long-term forecasting when we are this logarithmic.
However, if we do reach anywhere near the $5900 range within the next 2 weeks, then it is entirely possible we could break the $10-12k barrier by July 1st, which would put us off the charts.
If we break out in the next 12 hours, it's possible that over the next 11 days we'll be on track to $5900.
I'm only publishing this for my own record-keeping because I don't know that I believe we'll hit that value anywhere within the next 30 days.
Looking back at the Daily chart, I also see that we're in new territory, so it's difficult to do any long-term forecasting when we are this logarithmic.
However, if we do reach anywhere near the $5900 range within the next 2 weeks, then it is entirely possible we could break the $10-12k barrier by July 1st, which would put us off the charts.
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