- Let's celebrate with me this massive upcoming pump on ETH! The chart is now extremely bullish, and in this analysis, I will tell you why!
- As you can see, the price is printing an ascending triangle on the daily chart. Ascending triangles are very powerful, especially at the bottom of the downtrend!
- From the Elliott wave perspective, this triangle is a nest with 2 impulse waves, which we can label waves (1), (2) and Waves 1, 2. This is definitely not a corrective pattern in this case.
- I am sure you have seen the huge dildo on Solana; what if I tell you that something similar may happen to ETH? I predicted this exponential pump on SOL 3 weeks in advance, so check out the related idea about SOL down below!
- We have a tremendous unfilled gap between 1352 - 1448, and the market wants to fill this gap, which gives us high confidence in this upcoming move.
- On the way up, we have basically 4 resistances. The first is the 1448 0.618 FIB + FTX dump, followed by the parallel trendline, the previous POC, the start of the GAP at 1545, and the 1680 monthly / weekly high. These levels are good for intraday trading.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- Two scenarios are now possible. We will spend more time consolidating in this ascending triangle, or we will break out very soon!
- Thank you, and for more ideas, hit "Like" and "Follow"!
