Ethereum down the middle of to supply zone, after an almost complete ABC correction.
Overextended TD count and descending broadening wedge .
Provided key support at about 1100$ holds (daily close matters), a bounce towards #TP1 at 1430-1510$ would likely follow.
Highly risky and speculative trade, for traders only.
Watch support, tune your entry, have a stop.
DYOR
Overextended TD count and descending broadening wedge .
Provided key support at about 1100$ holds (daily close matters), a bounce towards #TP1 at 1430-1510$ would likely follow.
Highly risky and speculative trade, for traders only.
Watch support, tune your entry, have a stop.
DYOR
ความคิดเห็น:
A look at weekly: key MA20/W sits at target range low.
ความคิดเห็น:
Meaning that Ethereum is pretty close to a key resistance area.
Let's watch it.
Let's watch it.
ความคิดเห็น:
High at 1525$, target reached already.
Yet personally i'm here for the long run.
It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.
Yet personally i'm here for the long run.
It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.
ความคิดเห็น:
Current chart:
Enough for the scope of this analysis.
Enough for the scope of this analysis.
ความคิดเห็น:
Sidenote: Broadening Wedge breakout should be confirmed on close.
Watch it.
Watch it.
ความคิดเห็น:
Ethereum close to resistance on hight TD count.
Possible topping pattern, taking partial profit.
Possible topping pattern, taking partial profit.
ความคิดเห็น:
Closing, as target was reached .
Enough for the scope of current analysis.
Enough for the scope of current analysis.
ความคิดเห็น:
Trying to find a breakout.
Will let this trade run and wait for BTC.
Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.
Will let this trade run and wait for BTC.
Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.
ความคิดเห็น:
Will provide further analysis on ETH later, but it's too soon to judge.
For now i'm just adding the above note.
For now i'm just adding the above note.
ความคิดเห็น:
Eyes on ETH.
ความคิดเห็น:
If it manages to break through 1820$ ...
Key resistance.
Key resistance.
Such test will be crucial.