ETH to $50k by mid-2019? Possibly!
Commentary on the chart here. 2 scenarios in short-term, either go down more to lower channel now or we go sideways overall into late-2018.
Both scenarios though show a massive rally potentially into mid-2019. We shall see.
Both scenarios though show a massive rally potentially into mid-2019. We shall see.
Nota
Quick note, BTC also was in a similar towards channel from 2011-2014 however it ended up falling out of the channel in late-2014 before going sideways for months and then slowly restarting its rally that ended last December.So I guess I should have stated that there is a slightly lower probability scenario whereby ETH just falls out of the trend channel completely and goes sideways for some time thereafter.
Nota
This looks to have done a quasi-"purple" scenario whereby it was a mix of both the red and blue...IMO we could rocket from here, creating a new and steeper rising channel potentially.Nota
Just an update that the bottom of THIS channel, about $280 today, is a prime target now that lower-lows have been made below June lows.
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