In my prior two posts I correctly projected the bitcoin bottom between $3,000 - $3,150 and I estimated a stabilized bitcoin price of $4,250... pretty much exactly where we are at the time of this post.
I'm using classical charting principles as referenced in my prior posts.
This post is my first price forecast for Ethereum.
If this ascending triangle pattern holds, it projects to an Ethereum price > $600. Ideal entry would be somewhere between today’s price and the ascending (lower) green line that I drew. Your stop loss can be set below that line using a daily closing price.
If the technical pattern continues to the apex of the triangle, we want to see volume decline into the apex and a volume expansion once the price breaks above the horizontal green line.
