Sharing my forecast
Best estimate
The best estimate ETH Price I'm looking at is $$3,501.73 using Compounded Annual Growth Rate (CAGR) or 2.618 fib level.
Computed as: 2020 Closing Price x ( 1 + CAGR)
= $737.80 x ( 1+ 374.62%) = $3,501.73
Conservative estimate
That's the height of the triangle and put that at breakout, and that's approximately $1,931 or that's fib 1.382 area.
Worst estimate
Worst case scenario, I'm looking at previous low of $100.
Risk reward ratio seems attractive at 4.33.
Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.
Best estimate
The best estimate ETH Price I'm looking at is $$3,501.73 using Compounded Annual Growth Rate (CAGR) or 2.618 fib level.
Computed as: 2020 Closing Price x ( 1 + CAGR)
= $737.80 x ( 1+ 374.62%) = $3,501.73
Conservative estimate
That's the height of the triangle and put that at breakout, and that's approximately $1,931 or that's fib 1.382 area.
Worst estimate
Worst case scenario, I'm looking at previous low of $100.
Risk reward ratio seems attractive at 4.33.
Disclaimer: Trading and investing have risk. DYOR. Trade Cautiously.