ETH: Fractal - target aprox $1600 before February (or not)

٢٤ يناير ٢٠٢١

Just my point of view. NOT TRADING SIGNAL.
In a few hours, we have confirmation (or not). The breakout above or under.
Ascending triangle might promote this pump, but volume no.

٢٤ يناير ٢٠٢١

ملاحظة

I didn't explain but this fractal has to be "stretched". As you can see there's a difference of 24h on the Lower Low.
I hope that this Fractal Chart will justify how we'll go to the north side on the ascending triangle (orange).

٢٤ يناير ٢٠٢١

ملاحظة

and here we go.... :-)

٢٤ يناير ٢٠٢١

ملاحظة

I just saw the next resistance levels and we might have trouble on $1320-$1350.
Will be bouncing 3 times between 1270 and 1350 then will drop 15% (another chance to buy) or just hodl.... Because then we'll pump till $1600.
(you can see the chart for yourself)

٢٤ يناير ٢٠٢١

ملاحظة

If you hit the play button (only available on the computer / not on the APP) you can see that we are following the chart. I'm astonished by this fractal chart. So because we have a HH and HL we can try to calculate when is going downwards 10%-15%. I even think that ETH is taking the wheel because BTC is on a BIG "descending triangle" and will suffer soon a big drop and I believe that will be this move to buy ETH with BTC. Both are strictly connected and I believe that's what's justify both signals (BTC: descending triangle - big "healthy correction"; ETH fractal with pump).
PS: in aprox. 8h30 we will have a drop of around 14% (last fractal, but this new waves have a range of 3%-4% instead of 6%-8%, so eventually the drop could be only 7%-8%.
Again this is only my thoughts, not trading signals. I'm hodling.

٢٤ يناير ٢٠٢١

ملاحظة

٢٤ يناير ٢٠٢١

ملاحظة

Let's see if it's going to drop (to around $1230) for the next 2h30 (it might be a sudden drop).

٢٤ يناير ٢٠٢١

ملاحظة

While I was worried to confirm this "fractal" chart I didn't saw this inversal head and shoulders pattern being confirmed:

I don't have much more to say, but either way is going up and we must stay happy for that :-D

٢٥ يناير ٢٠٢١

ملاحظة

Hello
Now we are experiencing the "big drop" so I got back to my fractal to compare the size with the other drop of around 15%. And guess what, they match each other :-D so it's even better news! Do you also remember that I've talked about the 24h of difference on the Higher Low. So there's also this difference on this new ATH, and if this fractal is again "confirmed" and my target is not anymore$1600 but eventually around $2000. As you also know this is "speculative". Take your own decisions and make your own research.

٢٦ يناير ٢٠٢١

ملاحظة

Yes... 2000 before February (eventually):