Recap: Our previous analysis’ Green 1 was reached and even with a peep above, we are still around there. Money Man is having difficulty retrieving his previous analyses on the site and thus might not be able to attach them. The uncertainty and doubt are palpable in crypto and ETH’s lacklustre performance is now showing some improvements as it is pushing against a resistance.
A great sport to take up is marksmanship. It does not matter if it is with a bow or a rifle, it teaches you small major things and the first rewards of practice is quickly attainable. Firstly, you will learn about automatic direction – the direction your body relaxes into when your eyes are closed, and your breathing/heartrate calmed. The direction you are relaxed aiming in, when you open your eyes again, is where you will shoot the most accurate. Adjusting your automatic direction is as easy as changing your stance by moving your feet and doing it again until you are aiming on target when you open your eyes. The principle is simply that your body wants to move back to where it is comfortable and that is thus your most stable stance and aim. A lot of explaining again I know, but do you see how important being comfortable is when doing uncomfortable things? Yes, Money Man is talking about trading again.
Conclusion: ETH has been forgotten in the whole ETF debate, but this cannot last forever. Keep an eye on it as trading it could be easier as pointing out confluence is easier when you have previous price action to add to the mix. Remember: No guarantees, only probabilities. Very Important to me: Please like if you appreciate the effort, Please comment and develop this further and Please follow if you see this analysis thread going somewhere you would like to know about.