Dear traders,
Here is my view on Ethereum ETH which is in the process of forming a head and shoulders formation. The target is at exactly the old top in April.
At this moment you see the right shoulder is being formed. Keep in mind that H-S patterns can fail but then that is a perfect indicator to go long because the price then goes explosively in the other direction.
Given the charts in Bitcoin that I have posted, this scenario could very well come true.
To help everyone out of the dream. No is not nice and many will not agree but It's great to keep setting higher and higher targets but let's not forget that 14 months ago Ethereum was at exactly 86 usd. Yes indeed 86 usd and I hade them in my wallet. We have now hit 4372 as the top. That is as much as multiplied by 50 or in other words 5000 percent in over a year's time. What can I say more. We want 10000 percent by end of this year? Please share your opinion why you think we are going higher or lower! That is indeed a very interesting discussion!
I will come back also with updates on Ethereum when important things change in the picture.
Dear traders, if you appreciate my analysis it would be very nice if you would follow me for updates and give me a thumbs up. It motivates me to continue with these analyses.