Ethereum made a perfect ABC correction and hit my targetbox, followed by a strong bounce.
I could write a long story here about all sorts of supports, resistances, harmonic patterns, h&s, bla bla but I like to keep it simple:
We might see some correction after this strong bounce but based on my Fibo calculations, its pretty clear to me that ETH is going for $ 460 at least. We might see some corrections and some downside when trying to crack the yellow down trendline and previous tops but we'll get there ;-)
Happy trading!
I could write a long story here about all sorts of supports, resistances, harmonic patterns, h&s, bla bla but I like to keep it simple:
We might see some correction after this strong bounce but based on my Fibo calculations, its pretty clear to me that ETH is going for $ 460 at least. We might see some corrections and some downside when trying to crack the yellow down trendline and previous tops but we'll get there ;-)
Happy trading!
Note
After strong bounce a correction. Possible bouncing area on the chart.Note
Small update: ETH bounced indeed and broke out of the downtrend which is a good sign for my expectations. After this breakout its doing some correction (retest of trendline) right now before it continues up. Note
ETH broke prevoious top, so the road is free to go further up.I'm looking at this scenario:5 legs up towards yellow trendline before we might see a bigger correction.
Long term target will come on the carts by then.
Note
mid term target reached....its pumping so it might break out above the yellow trendline but I'm expecting some consolidation or even pullbach here before futher upNote
Boom! Target reached! 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.