Scenario #1 - Accumulation Critical Next Seven Days!

The reason this is titled, "Scenario #1..." is because we could take longer to reach the 161.8% FIB Extension with a two month time correction during a period of consolidation after the bitcoin block halving event. In which case, I'm also going to post a "Scenario #2 - Accumulation Critical Next Seven Days!" In either case, my opinion is one should begin accumulation of ETH over the next several days if they have not done so yet.

Here's the chart again in case the cover chart is crunched up by the TradingView platform:

Commentaire:

Here is Scenario #2 & #3:

Commentaire:

Scenario #1 is basically a LARGE "W" FORMATION. Scenarios #2 & #3 are basically an ascending channel with our first chance of breaking out ABOVE the upper boundary of the channel with SUSTAINED upward price movement ABOVE All Time High to occur in the Spring of 2021. Scenario #1 would have us definitely testing All Time High by end of 2020.

BOTTOM LINE: We will not have a good idea if we test ATH by December, 2020 until we see how high we go up by August, 2020.