I appears as if ETH could rise up to the $3400 level and tag the top of the rising white channel before the market decides to put in wave 4. Anything could happen, but if history repeats itself, PA could tag the top of the rising white channel again. PA tagged the top of the rising white channel back on 6/12/17, put in wave 2 one month later and consolidated before continuing on with wave 3.
I know this chart is messy, but I have three major channels. The rising white channel from the beginning of the rise at the single digits, the rising red channel, which is has broken out of recently and the descending purple channel.
Yes, there will be corrections along the way, but with as crazy bullish as this market is lately, anything could happen.
The weekly shows continued strength up to the next midline of the rising white channel.
RSI on the weekly still has room up to the mid 90s, currently at 86.
Comments and questions welcome
Thanks for looking
I know this chart is messy, but I have three major channels. The rising white channel from the beginning of the rise at the single digits, the rising red channel, which is has broken out of recently and the descending purple channel.
Yes, there will be corrections along the way, but with as crazy bullish as this market is lately, anything could happen.
The weekly shows continued strength up to the next midline of the rising white channel.
RSI on the weekly still has room up to the mid 90s, currently at 86.
Comments and questions welcome
Thanks for looking
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Price might hit $1380 on 1/10
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Here is a close-up of my idea, near the top of the rising white channel
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$1380 target almost hit.
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price tagged $1380