BITMEX:BETH   Ethereum / US Dollar Index
Hey Everyone!

was just going through charts and updating, and noticed ETH is in one of my favourite patterns to trade! Reason being it is not only supported by the PARABOLA, the cup pattern is usually a good indicator of higher prices to come!

As I explained previously in ADA USDT chart, which has so far only had a fake out and dropped back into the handle for support.


ETH pattern shows that the current movement should achieve just under the $500 mark and with some added FOMO push us over the line!

Currently I think ETH will have a minor drop here to retest the parabola before taking off.

The CUP AND HANDLE is one of the easiest patterns to recognize and usually quite reliable. Remember no trade goes the way you want it to go 100% of the time - and that is why MONEY MANAGEMENT is essential to make money over a period of time. If you are winning an average of 50% of your trades with strict money management, you are going to win the marathon!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3
Comment: ETH is heading to the support region I talked about a month ago (and thought it would never get there) well here we are $20 away... a few traders on trading view are saying sub $200.... this is why we are holding here IMO

we have strong cross support here in 3 directions (shown on my TV chart above) and the waves are valid that this is ONLY the 4th wave retrace - same as BTC
a 3rd wave usually retraces to 0.5 fib....

the wave 1 here is valid as the subwaves are correct. Wave 3 doesn't need to be the longest - but it cannot be the shortest


❣️Lisa N Edwards❣️
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nice cup!)
+1 Reply
Lisa
You won't be able to use a half cup.

Do you think

..BTC 9600 then up ?

..7500-8400 then new lows ?

..no cup theory ?
Reply
LisaNEdwards MagdyEl-Nidany
@MagdyEl-Nidany, ETH is holding? BTC right now is bouncing and while I thought it would hold higher, it didn't, but that is trading
+1 Reply
MagdyEl-Nidany LisaNEdwards
@LisaNEdwards, exactly
Reply
Tks, and this is my TA
Reply
I think so.
As long as everything goes according to plan.
Reply
No one mentions the fact how unhealthy this run up is if considered a bull market...
+4 Reply
@deucedd, why do you say unhealthy?
Reply
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