Taking previous bull run trend from initial break out into market, varying levels of similarities.
Ceiling looks to be at $602 for now, my expectation is a consolidation before the new year bring new money and new developments with a surge to new ATH's. Healthy cycle looks to top out at $900.
Short term view would see $600 at year end or even new years day before a pull back to previous ceiling or maybe a strong support level around $380.
Might not see it here again so I will be looking to buy on the dip all the way down and not attempting to time the bounce.
Movement outside of these trends voids this analysis and as I am using a previous trend from market break out this is a very fragile concept in terms of timings but the internal levels of the chart look strong.
We will see $600 and I have not doubt we will see $900 how we get there is still eluding me, it could be straight up like BTC but it would seem more reasonable to expect a slower rate of ascent followed by healthy consolidation. This is the ETH way after all!
Ceiling looks to be at $602 for now, my expectation is a consolidation before the new year bring new money and new developments with a surge to new ATH's. Healthy cycle looks to top out at $900.
Short term view would see $600 at year end or even new years day before a pull back to previous ceiling or maybe a strong support level around $380.
Might not see it here again so I will be looking to buy on the dip all the way down and not attempting to time the bounce.
Movement outside of these trends voids this analysis and as I am using a previous trend from market break out this is a very fragile concept in terms of timings but the internal levels of the chart look strong.
We will see $600 and I have not doubt we will see $900 how we get there is still eluding me, it could be straight up like BTC but it would seem more reasonable to expect a slower rate of ascent followed by healthy consolidation. This is the ETH way after all!