Long Term- The entire crypto market continues to hemorrhage cash as the air is slowly let out of the massive PND crypto bubble. I believe ETH will continue to underperform Bitcoin as well as Gold and Silver.
Mid-Term- Ethereum is stuck in a descending channel, My middle term targets are shown below as $80, $32 and $2 (lotto pick), all of which line up with Fibonnaci targets.
Short Term- A pump into the mid to low 120's would not suprise me however I do not find it likely, either way we fall off the cliff soon IMO.
Best of luck and much love to all,
Red Boar
Komen
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Short Term Update--
Has ETH lost its up channel or is this a fakeout?
Komen
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Still holding the breakdown channel however, I would be very careful as the weekend approaches...a stop run higher would not suprise me.
Komen
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Well we got our low volume weekend pump, I am not convinced until we take back these key levels.
Komen
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So far the channel is holding and my prediction that we could pump into the 120's has been fufilled...if the top of the channel holds then wow this is going to get ugly!
I think missing some qualitative factors in your analysis that blind you the actual trend. November 15th the BSV fork and Roger Ver and friends took billions out of the market. I waited and BTC it didn't stop falling until Dec. 15th. since then everything has begun to steadily climb. ETH will definitely climb above silvers price and if gold's price keeps rising it make reach parity with BTC which I would love as believer in all forms of sound money.