ETHUSD break out into Wide Open Space: Ether 33% jump launched ?
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Ether has been lagging behind the King, and even LTC for that matter.
The last peak at $829 was almost exactly one year ago, in May of 2018.
That Impulse and its Ripples have carried the price since then down to $82.
From the bottom it has been accumulating energy at each Band traversed.
It has worked its way through the lower bands of this long term Fib series.
Now it has broken out of Band 5 (5.xxx zones) and is headed toward Band 4.
"Wide Open Spaces" between bands are like voids where price does not like to linger.
Once it achieves "Escape Velocity" to leave one band, it should quickly reach the next.
There is often a "Sling Shot Effect" which causes overshoot before the energy dissipates.
1st target will be the 4.764 at $271.61 where it will lose some Velocity.
2nd target will be the 4.618 at $288.69 where it has the most Gravity.
Further targets will be determined by amount of gained Momentum.
Below are some of my other plots of break out plans.
ADA breakout and targets that were hit perfectly
The last peak at $829 was almost exactly one year ago, in May of 2018.
That Impulse and its Ripples have carried the price since then down to $82.
From the bottom it has been accumulating energy at each Band traversed.
It has worked its way through the lower bands of this long term Fib series.
Now it has broken out of Band 5 (5.xxx zones) and is headed toward Band 4.
"Wide Open Spaces" between bands are like voids where price does not like to linger.
Once it achieves "Escape Velocity" to leave one band, it should quickly reach the next.
There is often a "Sling Shot Effect" which causes overshoot before the energy dissipates.
1st target will be the 4.764 at $271.61 where it will lose some Velocity.
2nd target will be the 4.618 at $288.69 where it has the most Gravity.
Further targets will be determined by amount of gained Momentum.
Below are some of my other plots of break out plans.
ADA breakout and targets that were hit perfectly
Note
Oops, looks like bottom text got cut off.See these previous plans and the accuracy of my methods.
BTC call for 8k target was hit perfectly
ADA breakout and perfect Targets
XLM breakout and perfect Targets
ZRX breakout and perfect Targets (one more to go)
XMR next up for breakout, bottom watch here
Note
Touchdown! .
Note
Second target came soooooo close! .
Note
Finally, target at $288.69 hit Zoomed in a bit, we see the 2 hourly candles that jumped from one fit to the other
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