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
코멘트:
A look at weekly: key MA20/W sits at target range low.
코멘트:
Meaning that Ethereum is pretty close to a key resistance area.
Let's watch it.
Let's watch it.
코멘트:
High at 1525$, target reached already.
Yet personally i'm here for the long run.
It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.
Yet personally i'm here for the long run.
It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.
코멘트:
Current chart:
Enough for the scope of this analysis.
Enough for the scope of this analysis.
코멘트:
Sidenote: Broadening Wedge breakout should be confirmed on close.
Watch it.
Watch it.
코멘트:
Ethereum close to resistance on hight TD count.
Possible topping pattern, taking partial profit.
Possible topping pattern, taking partial profit.
코멘트:
Closing, as target was reached .
Enough for the scope of current analysis.
Enough for the scope of current analysis.
코멘트:
Trying to find a breakout.
Will let this trade run and wait for BTC.
Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.
Will let this trade run and wait for BTC.
Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.
코멘트:
Will provide further analysis on ETH later, but it's too soon to judge.
For now i'm just adding the above note.
For now i'm just adding the above note.
코멘트:
Eyes on ETH.
코멘트:
If it manages to break through 1820$ ...
Key resistance.
Key resistance.
Such test will be crucial.