During the bear, ETHUSD has had a habit of lurking around the 50D EMA for about 3 months before exploding up.
If we get a move with the same momentum as the previous two moves, we are looking at a minimum TP of ~$460-520. (blue circle). There will be skirmishes along the way at $285, $320, and $360 levels .. but the the real tough nut to crack is $420 (red line).
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Added some last night and today.
will continue to add in this 255-285 range because we won't stay here long.
I expect August to range $285-$325 or $335-$360 .. before the ETH2.0 Fomo kicks in and we shoot to 520 at the very least.
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This is for entertainment purposes only. ETH is volatile, this is not a financial advise. DYOR.
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Gorgeous looking channel, will use to define entries and exit short term.
Will add more at the red dot with a stop not far below.
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It's sit back and relax time.
The longer we range below 360 the more likely it will be blasted through to 420-520, trapping shorters above, taking their liquidity, and then sending it back down.
Will right the wave up, and catch it down.
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*ride the wave up
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Still following the plan. There is gonna be a lot of supply at $363, I expect it to get trapped. Shorts will cover send it shooting up, thank you for the liquidity. Depending on that momentum, it will end up $420-520 .. the original target (red dot left, blue dot right)
Will add more at the red dot with a stop not far below.