Following yesterday's minor dip (not considered as a dip since it was testing support (source: https://twitter.com/BTC_Schmitcoin)), I reviewed how ether reacted after major liftoffs (i.e.: 19th May / 9th of June, based on our general LT supports & resistance (in complete line trends) and averaging this month's trending supports and resistance (in green and red --- trends), I'm very confident we will pass the 400€ mark by the 1st of July. Along that, if we consider Ether's behavior after major liftoffs, we can also think about a 448€ target being completed (green pointy horizontal trend) by the end of the month. The yellow dot trend isn't really anything ro think about, it's basically following the present trend and showing the end of month result (still above 400€) averaged on that trend. So ETHEUR target by the 1st of July, would be between 400€ and 438€.
Carefull not to trust my analysis as an investment advice, this is speculation based on trends, there's a lot more that needs to be done to guarantee these results, as much as I am confident we will achieve them, we also need to volume.
If you thought this was interesting, feel free to like, comment and share! Still a beginner in this so constructive criticism is always welcome.
Carefull not to trust my analysis as an investment advice, this is speculation based on trends, there's a lot more that needs to be done to guarantee these results, as much as I am confident we will achieve them, we also need to volume.
If you thought this was interesting, feel free to like, comment and share! Still a beginner in this so constructive criticism is always welcome.
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EDIT: (the failed prediction on the left of the graph is due to a bad position of the source, it was achieved on the next candle so basically valid, don't let that distract you