The purple line is the projected path I drew for ETH when I compared it with post dotcom bubble AMZN stock. It's currently still following it. This means if Ethereum is going to continue following the fractal, it should head up to $500-600 in the not so distant future. Obviously, my view will change if it starts to deviate substantially from this path. Here is my original post, when ETH was still in the $160 area. In that post, I explain price targets and future projections:
And the update after it broke $200:
It's pretty fun when you're right about stuff like this : ) Not that it will continue to play out...remember, this is total speculation, NOT financial advice. I'm just enjoying the wild crypto ride and analyzing the market moves in the process. Some of my alts have suffered, but ETH continues to do well. It'll be interesting to see which ones survive. I almost prefer the slow growth of some of these alts.
Here's the AMZN chart, in case you don't feel like reading my previous posts:
-Victor Cobra
And the update after it broke $200:
It's pretty fun when you're right about stuff like this : ) Not that it will continue to play out...remember, this is total speculation, NOT financial advice. I'm just enjoying the wild crypto ride and analyzing the market moves in the process. Some of my alts have suffered, but ETH continues to do well. It'll be interesting to see which ones survive. I almost prefer the slow growth of some of these alts.
Here's the AMZN chart, in case you don't feel like reading my previous posts:
-Victor Cobra
