ETH (Y20.P2.E2).Macro.Parabolic stage.
Updated
Hi All,
In my opinion, what we are seeing with ETH is the start of a parabolic phase.
The following is my hypothesis >
a) The ETH bear market finished late last year and it was a trend change
b) What we saw in 2019 was the 1st stage of ETHERS start to the first parabolic phase being this.
c) We will see another parabolic phase in 2020 but not as much (equaling BTC stage parabolic stage)
d) In 2021 we will see the major parabolic run\bubble aligned with BTC's.
e) I also believe we are in a channel like in this chart and further in the months.
It would be likely we will have a pullback on the major fib level around $303 to $309, but I would not expect the run to finish and potentially go further and initially hit 364 (maybe a blow off top).
Next phase will target (484 -500) but lets see how we go from here.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
Trend line just increasing in angle
Weekly chart
RSI
MACD
In my opinion, what we are seeing with ETH is the start of a parabolic phase.
The following is my hypothesis >
a) The ETH bear market finished late last year and it was a trend change
b) What we saw in 2019 was the 1st stage of ETHERS start to the first parabolic phase being this.
c) We will see another parabolic phase in 2020 but not as much (equaling BTC stage parabolic stage)
d) In 2021 we will see the major parabolic run\bubble aligned with BTC's.
e) I also believe we are in a channel like in this chart and further in the months.
It would be likely we will have a pullback on the major fib level around $303 to $309, but I would not expect the run to finish and potentially go further and initially hit 364 (maybe a blow off top).
Next phase will target (484 -500) but lets see how we go from here.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Macro.charts)
Trend line just increasing in angle
Weekly chart
RSI
MACD
Note
ETH\BTC chartNote
ETH daily with the 50 and 200 ema hitting a milestoneNote
Note
In the short term, 2 scenario's and I don't know which?The major target is the major resistance which has confluence with the 0.618 fib level of the channel. RSI should be also in the over extended range about the same time.
Note
Major drop to happen just like BTC to the 9200 rangeNote
Modelling decentNote
I entered here at 244 and will short, as I already have ETH previouslyNote
Next area to buy if you don't have any
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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