Today it seems that ETH/USD broke out from the downtrend on the 4H charts. This can be confirmed by the breakout to the green on my MACD 4C indicator.
The deep support remains still around 875 USD, and medium support levels around 950 USD.
I am seeing two resistance levels ahead at 1150 USD and at the target for the next rally of 1400 USD.
If we see a re-test of 1400 USD I am confident it will push through to the 1500 USD levels, and who knows how low that will dip to again. I see +7% being realistic in the coming days, with a +30% increase this weekend or sometime into next week possible.
I am still expecting 1500–2000 USD range in February, which would be as much as 100% increase from earlier this week.
Good luck to all!
Personal disclaimer:
Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.
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Updated for recent activity, and new future 1800 target:
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KEY UPDATE JANUARY 30TH 2018
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Đóng lệnh: dừng lỗ
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This idea is mostly scrapped. Look at my most recent post for more update info...
thank you.. just a short question for the noobs: when you say 1150 usd, where and which exchange price do you mean with it? since each exchange has it's own price levels.. thanks again and good luck
copa1079
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@Gigantos, these are rough estimates for the market aggregate of all the ETH shares. Use coinmarketcap for this if you're curious. My chart was made with Coinbase/GDAX data as well.
copa1079
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@Gigantos, this chart is actually *BITFINEX data not GDAX