ETH/USD Early February 2018 Price Prediction: $2000 USD !!!
I forecast the price of ETHUSD to reach around 2000 USD sometime in the beginning of February. This is based on the moving average line of 20-day periods and one 54% and three 66% growth boxes. This chart has daily candles and various channels and support lines overlain.
We expect to see continued Ethereum application development and blockchain adoption for the rest of the year, increased recent growth and development progress, and the fact that it seems to behave in an exponential fashion due to the nature of its spreading adoption in the blockchain community and worldwide. Who knows what will happen the rest of the year with Casper and scalability fixes (sharding, etc.).
Key: Plotted on a logarithmic y-axis scale. Dark red lines are approximate long term and shorter term support levels. Lighter blue line is the moving average overlay. Light green is the growth channel since November 2017.
Check my past price predictions for BTC and ETH. I have been correct with all of my ETH and BTC predictions so far and wrong with only LTC and BCH breakouts. I've added a few new tools to this than in my past ETH EOY analyses, and I am not sure if this will play out like I want it but still holding my ETH!
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.
We expect to see continued Ethereum application development and blockchain adoption for the rest of the year, increased recent growth and development progress, and the fact that it seems to behave in an exponential fashion due to the nature of its spreading adoption in the blockchain community and worldwide. Who knows what will happen the rest of the year with Casper and scalability fixes (sharding, etc.).
Key: Plotted on a logarithmic y-axis scale. Dark red lines are approximate long term and shorter term support levels. Lighter blue line is the moving average overlay. Light green is the growth channel since November 2017.
Check my past price predictions for BTC and ETH. I have been correct with all of my ETH and BTC predictions so far and wrong with only LTC and BCH breakouts. I've added a few new tools to this than in my past ETH EOY analyses, and I am not sure if this will play out like I want it but still holding my ETH!
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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A correction to the ~900 USD levels in the next weeks would not invalidate this idea, but would be a healthy way to confirm it.
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IMPORTANT UPDATE JAN 27TH 2018
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KEY UPDATE JANUARY 30TH 2018
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