btcinvests

ETHUSD 8h: Next long-term station Area 600 USD (Fibo 1.62)

POLONIEX:ETHUSDT   Ethereum / Tether USD
Some people believe that Bitcoin             will make another strong correction, I don't expect that. On september 14th bitcoin             core 0.15.0 has been released and started successfully. That is the real reason next to the china trouble why the strong movements have been at bitcoin             in the last few days, in my opinion. Currently, it seems that the new core 0.15.0 is well accepted. Thus the Bitcoin             will continue to rise and see no such a strong correction down to 2.500/2.000 USD. Maybe around 3.500 USD. For ETH, this means that the path is free to fibo area 1.62 (500/600 USD).

Let's see what happens. Happy trading. :-)

See also:

Sep 4
https://www.tradingview.com/chart/ETHUSDT/l3Z8lWDV-ETHUSD-8h-Trend-channel-up-to-600-USD/

Jul 23
https://www.tradingview.com/chart/ETHUSD/zKJW8elC-ETHUSD-8h-Upward-movement-ahead-225-300-500-USD/
Komen: faster than expected: we reach 300 usd. for a short stop.
Komen: update ETHUSD (8h). possible: 300 usd will break soon.
Komen: Here we are. 300 has been touched... the dashed trend line works. further up possible ...

Komen: if eth stays at 300, a further upward trend can be expected. otherwise a small correction down to 275 might be possible.

Komen: ETHUSD (8h) update: Short-term upward trend up to 390 possible. support line has already been tested twice

Komen: ETHUSD (8h) update: on the road again ...

Komen: ETHUSD (1D) chart update: Up could be expected.

Komen: ETHUSD (1D) chart update: Resistance broke. Target Fibo 1.62 = ~600 USD.

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there's a reason why ETH hasn't broken out with a new ATH for quite some time. might want to dig deeper
Balas
btcinvests MoonPickle
@MoonPickle, i could explain this with strength and concentration on btc lately. After the turbulent times are coming to an end, the altcoins become interesting again, especially eth. and from a chart-technical point of view it could also look good. loooooooooooooooooong-term target could be 1000.
Balas
Hi, when updating eth chart? Thank you.
Balas
@giola79, look above. thx for remembering
Balas
giola79 btcinvests
@btcinvests, wow that speed, always thanks to you for your great job
Balas
@giola79, :-) you welcome
+1 Balas
I see 340-380, 390 would be nice.
Balas
@LPP_LLC, yes. 390 is, if at all, a spike. :-)
Balas
what do you think about eth, can we a good input in 275$ zone? thanks for your job
Balas
@giola79, we currently have a fundamental discussion about the future of eth. I'm currently waiting. therefore the sideways movement. currently there is still no significant application for eth. 275 could be quite right.
Balas
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