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

18 sept. 2017

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/

18 sept. 2017

Note

faster than expected: we reach 300 usd. for a short stop.

27 sept. 2017

Note

update ETHUSD (8h). possible: 300 usd will break soon.

27 sept. 2017

Note

Here we are. 300 has been touched... the dashed trend line works. further up possible ...

1 oct. 2017

Note

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

29 oct. 2017

Note

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

9 nov. 2017

Note

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

14 nov. 2017

Note

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

23 nov. 2017

Note

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