Home Crypto Bitcoin Crypto: “Ethereum is set-up for a parabolic rally…

Crypto: “Ethereum is set-up for a parabolic rally…

#crypto #Ethereum #parabolic #rally #Bitcoin #risk #reward #sentiment #bullish


…and that Bitcoin’s risk-reward ratio looks attractive in here”–Paul Ebeling

The pseudonymous analyst known as TechDev tells his 393,000 Twitter followers that Ethereum is currently mirroring a pattern from late Y 2016 and early Y 2017, where ETH printed Bearish-looking price action before exploding. My work aligns with his.

According to TechDev’s chart, the crypto strategist believes ETH is set for a rally to the $24,000 range, or about a Fibo 780% rally from current prices, as Ethereum’s volume and momentum indicator suggest the end of the correction for the leading smart contract platform.

Looking at Bitcoin, TechDev says the largest crypto asset by market cap is in a Bullish accumulation zone despite uncertain sentiment and price action.

Bitcoin upside asymmetry looks strong. Asymmetry there; Accumulation there; Panic gets you nowhere!

For live price action click here.

Have a prosperous week, Keep the Faith!

#crypto, #Ethereum, #parabolic, #rally, #Bitcoin, #risk, #reward, #sentiment, #bullish,

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.