EuroMotif

2,933 and 12 cents: ETH next Target and possible Top

EuroMotif Mod Güncellendi   
COINBASE:ETHUSD   Ethereum
Ethereum has been steadily climbing up its Genesis Fib.
Just passed a "minor" ratio at 2778.85, last topping point.
Next ratio at 2933.12 a "major" ratio, strongest before Gold.

IF holders see "3K" as exit, then 2933 may be the "front run".
IF we get past it, then 3k round should not be too hard to break.
IF we hit the next Golden fib, a good place to sell some/most/all.

If on mobile or free account, then see this Single Frame plot:
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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Yorum:
PING

Here we are: Too early make any conclusions,
but a clear recognition of this fib,
and obvious resistance looming.

We could break above a bit, maybe even try 3k, but very likely to pullback some.

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Yorum:
Target Acquired, Orbit initiated.

So we got past 2933 for a bit, but back under now
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Adding fib on of the last wave from 2744 (green lines) Green 5.618 marked the end of that wave.
An isolated wick pinged the 4.236 (always a strong ratio).
Then a market wide dip caused a pierce of the 3.618.

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So now we can expect a retest of our Genesis level at 2933.12.
If we do NOT touch 2933 but make a lower low, then top might be in.
If we break above3 2933 again, then look for a retest from above.

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Yorum:
Oops, mis-paste in last update.

First snap above should be this one: Showing progress on the original charts as posted.

(I pasted a link to this Idea by mistake above)

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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Feragatname

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