Will Ethereum Reach $600 Soon? - Cup and Handle!
In this video, I outline the possible cup and handle formation Ethereum is showing on its chart. It may retrace to $300 before putting in new all-time highs.
EDIT (UPDATE): Just an update - Price target was smashed through in a brief period of time. The bottom range was lower than I was anticipating. 270 to 250 is not unreasonable at this point. I was also reading my chart wrong in the video, the 0.618 line hits lower than 300.
What we want to watch for an ETH bottom is the Bitcoin chart. When Bitcoin bottoms that would also likely coincide with an Eth bottom. For the BTC bottom I am still looking at 4k to 3,600.
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$600 eth is 50% avove its all time high. :D
I hope it will happen soon
Not now I hope. Have to buy some more.
what is a good buying price for ETH?
luopio, watch for a bitcoin bottom, whatever price ETH reaches then, could be a really good buy... after seeing the carnage today, and figuring out I was reading my chart wrong (the 0.618 line is below 300). ETH low could be 270 to 250. This may coincide with a 3,600 bottom. If BTC can't hold 3,600 though, lookout!
My g.f says that by Xmas Ethereum will be $600, this will be our Xmas gift to us :)))
Just an update - Price target was smashed through in a brief period of time. The bottom range was lower than I was anticipating. 270 to 250 is not unreasonable at this point.
What we want to watch for an ETH bottom is the Bitcoin chart. When Bitcoin bottoms that would also likely coincide with an Eth bottom. For the BTC bottom I am still looking at 4k to 3,600.
Could easily be 3600 today and will probably go to 3000 before its over.
Nah, we're due for the bounce rally, it's already started. BTC touched 4k and now it's bouncing. I still think it'll break 4k, but the market will likely move sideways some before it does break 4k to the downside.
There's just a lot of FUD at the moment, it is to be expected. That's why I sold several days ago right after it touched 5k. We should get 1 or 2 major FUD cycles in the coming weeks, and those are the real buying opportunities because we should find new lows.
Yet all this FUD is silly, since the most amazing news to ever happen in crypto was released a few days ago. The first major stock exchange is adding crypto... Russia. News event was ignored, despite what this means for the future of all crypto.
i'm very curious it will :)
nicely done...definately going to subscribe your youtube as well.
I really love that you craete both Videos and BlogSpot content. I will try to do the same in my Channel. You are very insppiring and with good content
i hope it but its go to the Top and drops again :( but i am keeping my hopes alive !! thanks for the video :)
Amazing crypto race. Upvoted and followed.
It might but once it reaches that hight it will probably drop down again.