Hi all,
1st post ever - new to the crypto arena, but have been bullish on and intrigued by Ethereum for a while.
This illustration utilizes some slopes over varying timeframes and several parabola in Ethereum's run.
The green line indicates where upward pressure is projected to decelerate based on various indicators - around Dec 15th.
The price range for a flatter progression into December (orange line) will come in around $700-725, with a smoother downward cycle.
The price range for a loftier progression into December (red line) will come in around $800-850, with a more severe downward trajectory after the peak.
Let me know your thoughts, feedback. Again, new to the space so please don't take this as financial advice.
Best,
Etherking69420
1st post ever - new to the crypto arena, but have been bullish on and intrigued by Ethereum for a while.
This illustration utilizes some slopes over varying timeframes and several parabola in Ethereum's run.
The green line indicates where upward pressure is projected to decelerate based on various indicators - around Dec 15th.
The price range for a flatter progression into December (orange line) will come in around $700-725, with a smoother downward cycle.
The price range for a loftier progression into December (red line) will come in around $800-850, with a more severe downward trajectory after the peak.
Let me know your thoughts, feedback. Again, new to the space so please don't take this as financial advice.
Best,
Etherking69420