Longethusd
POTENTIAL LONG POSITION SET UP FOR ETHUSD, HAPPY NEW YEAR GUYSTRADE SET UP
-Potential Long joining *the completion of the "W"*, and to the TP point of the "W".
-Wait for a pull back to 760$ zone to buy back and ride the way up to the TP point for the "ASCENDING TRIANGLE"
INFO
-Weekly resistance zone and sell orders are accumulated between 789$-742$, so our TP for "ASCENDING TRIANGLE" would be the top off for ETHUSD.
-If we close the hourly above 820$ and if the bulls are strong, then we are heading to the strong resistance at 908$, which would be the ultimate TOP OFF for a pullback.
- THEN we get ready for a 20-40% pullback down.
Signing off,
THECRYPTONIZER
Will ETH surpass it's All Time High?Let’s take a look at ETH long term.
ETH has been trending nicely in this channel since the massive dump in March.
Predicting this run will continue to around $960 which will take it to the top of the channel within the first or second week of January.
I think we'll get there, possibly just shy of it, but close enough.
Because I think Bitcoin will reject at 40k, I also think ETH will have a big sell off of around 35%, back to around $600-$650 before the next leg up to at least it’s all time high of around $1400.
Trend based FIb extension and time to arrive at this decision.
Got a prediction?
Post it below! Let's see who gets the closest!