ETHUSD headed to 152 ? Ethereum has Acceleration + Momentum

٢٨ ديسمبر ٢٠١٨

Nice bounce in Cryptoland, and ETH was in the lead.
See my previous analysis below which called the bottom at 113-114.
Now I am thinking we should test the 150 zone again.

Above chart is an interesting Fib study:
Each green extension is 1.618x the previous line.
That is of course the Golden Ratio of growth.
Will it grow by another leap?
Looks plausible!

Previous call for Bottom:

٢٨ ديسمبر ٢٠١٨

ملاحظة

First support zone obviously relevant but I dont think that is enough of retrace. However, it is good to know that the plotted fibs are quickly proving themselves. If it really does bounce here and make a new high, I will be surprised but elated since I am PermaBull.

٢٩ ديسمبر ٢٠١٨

ملاحظة

UPDATE: my wave count may have been hasty. We might still have wave 5 to finish at about 144. That .236 retrace fib of last leg up will be the key to watch

٢٩ ديسمبر ٢٠١٨

ملاحظة

Original plan still in play. A brief spike about the .236 key level, then dump so another bull trap I guess
.

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٢٩ ديسمبر ٢٠١٨

ملاحظة

this 1min ETH red fib indicates retrace to 126.91

٢٩ ديسمبر ٢٠١٨

ملاحظة

Here we are at the 144 mark per my updated count above

٣٠ ديسمبر ٢٠١٨

ملاحظة

This zone was pierced, but still has some force. And notice the EXACT confirmations of the boundaries.

٢ يناير ٢٠١٩

ملاحظة

Target hit, quite precisely. looks like it wants more, will update