If you look at the forecast I did for BTCUSD and ETHBTC you will see how this fits. I don't think ETH will claim its slot at #1 this year, but I do think it will touch it. Time will tell.
I can elaborate and show origins for some of these trend lines if anyone is interested. Otherwise I'll just leave it at this.
I can elaborate and show origins for some of these trend lines if anyone is interested. Otherwise I'll just leave it at this.
Note
Zooming in to the 1H we can see how Ether is interacting with this trend line. Its showing good consistent support, confirming its validity and utility as a fore caster.
In the short term it is likely that Ether will drop below this line. If it does, I see it as a good opportunity to accumulate.
Note
Ether Riding the same trend line over a year ago. 12/2016 - 3-2017
Note
Here is the big picture.
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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.