CountOnCrypto - Ethereum Forecast - 16/02/2021Ethereum has been consolidating sideways since we topped out at $1182 recently, I have been eagerly watching for an opportunity and solid confirmation. This is shown on the Fibonacci retracement level I have plotted.
Ethereum broke down and found support on the 15th of February in the early hours of the morning at $1650; this is shown in green on the CM Williams indicator. From there we have found support on the .236 and .382 Fibonacci retracement levels consecutively maintaining a bullish trend.
I believe we are now ready for the bigger moves to the upside I have been talking about in my recent analysis. This isn't just me guessing, my bias is from experience and research. There is so much bullish sentiment right now, people who are sleeping will miss out. We recently re-tested the dotted upper fibonacci resistance trendline but I believe we shall shortly retest this, there will be a large surge of moneyflow caused by $50k BTC.
As per usual, please use risk management when trading; it's important that you have an understanding of what you're doing so please do research before risking any money on the market. Leveraged trading is risky and should only be done by those who have trained.
I am holding many altcoins and ethereum, I believe that we haven't even seen 1/3 of this bull run; $5000 ethereum by 2022! Thank-you for all the likes, comments and follows!
