Bye~ Bye~~ Bottom of the Ethereum!
已更新
Lunar Year 2018 might be the bottom of Ethereum
Lunar New Year 2019 Holiday was starting from 1th Feb, 2019 to 19th, Feb, 2019.
During the X'mas and 2019 New Year and Lunar New Year 2019 holiday, Ethereum build a Higher Low W bottom.
At the same time it has destroyed a Bear Head and Shoulder pattern (Red H&S on the chart)
and forming an invert H&S pattern (Deep Green on the chart)
From All of the above observation: we think:
1. Maybe We can say : Bye Bye to the Bottom of the Ethereum.
2. Maybe now it is walking on Green Up Trend Channel, not Red Down Channel.
If it is in this case, the Invert H&S break the neckline around 128 to 130.
Estimated Target:
Distance between Neckline to the lowest price of Invert H&S : 128 minus 102 equal to USD26.00/per Ethereum. (Black Arrow Line)
Target price Estimated: USD26 + Neckline Price = 26 + 128 = 154.
Therefore: 1st Target might be around 150 to 154. (Black Dot Arrow Line)
Let's observe if it is on this up trend green Channel, or if it is a fake bull trap.
Lunar New Year 2019 Holiday was starting from 1th Feb, 2019 to 19th, Feb, 2019.
During the X'mas and 2019 New Year and Lunar New Year 2019 holiday, Ethereum build a Higher Low W bottom.
At the same time it has destroyed a Bear Head and Shoulder pattern (Red H&S on the chart)
and forming an invert H&S pattern (Deep Green on the chart)
From All of the above observation: we think:
1. Maybe We can say : Bye Bye to the Bottom of the Ethereum.
2. Maybe now it is walking on Green Up Trend Channel, not Red Down Channel.
If it is in this case, the Invert H&S break the neckline around 128 to 130.
Estimated Target:
Distance between Neckline to the lowest price of Invert H&S : 128 minus 102 equal to USD26.00/per Ethereum. (Black Arrow Line)
Target price Estimated: USD26 + Neckline Price = 26 + 128 = 154.
Therefore: 1st Target might be around 150 to 154. (Black Dot Arrow Line)
Let's observe if it is on this up trend green Channel, or if it is a fake bull trap.
註釋
It Hits our first target.
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