(+) Ethereum’s run is not over yet

Ethereum

Ethereum has been on a tear for several days now.  As regular readers know, I had a target of $60-62.  That target was reached a few days earlier than I expected, and I fully intended to focus my attention elsewhere after exiting at $60.  But the advance has not stopped yet. Pricetime is giving every indication that it will push through the 5^th arc:

Pushing through the 5^Th arc is obviously a signal that the run is not over.  There are a couple of possibilities. One of them is that the run will push toward the top of the 5^th square.  So, lets take another look at the setup above to see where the top of the 5^th square is:

As you can see, the 4^th square tops out at ~ $75, and the 5^th square tops out at ~ $105.  Interestingly, note that there is an energy date (pink vertical line) almost exactly at the end of the 5^th square in time.  My guess is that that date ~ May 4^th, will mark a top.  But where?  $75, or $100?

There is another way to look at this.  Perhaps my setup is simply too small.   Let’s re-size the setup to the next logical place, and see what that chart suggests/shows:

I think it goes without saying that I do not know for certain which of these setups is “best”, though my preference is to rely on the smaller setup. However, even this larger setup, in a truly remarkable and fractal way, shows resistance at the same place in pricetime, though here the arc being touched is a 3^rd arc (which has been penetrated).

This setup shows the energy date of 5/4/17 at the end of the 3^rd square in time – also a likely turning place in time. $75 does not jump out as a likely resistance point on this chart however.  Here, 4^th arc is seen ~ $95, and 5^th arc is seen ~ $128.  Note that $105 shows up here as the top of the 3rd square…

I expect I will look for a place to re-enter this market on the long side, as this coin could conceivably DOUBLE from here in just a few days. Time will tell….

Remember:  The author is a trader who is subject to all manner of error in judgment.  Do your own research, and be prepared to take full responsibility for your own trades.