Hello, Everyone.
The prince is finally waking up. A lot of people have been calling ETH dead, and bla bla bla . ETH is about to show them his middle finger. 2 months ago before this whole rally I predicted that eth would rally to 3400 and then retrace to 2600...well clearly that is what happened (exceeding the expectation touching 3800). The chart is now reviling the next move. ETH has now created a steady volume with spikes on each bear attempt to break the 2900 (failed miserably). The supply is clearly shrinking with the last upgrade which has burned so many ETH and as it can be appreciate in the chart by the bulls taking control with little effort. ETH has now formed a triple mountains pattern (triple bottom in western chart terms). Although higher timeframe looks prime for a run, the smaller need to steam off in my opinion. I believe there may be one last opportunity to catch eth in the 2700-2800 area before to break the resistance at 3100 and start the new bull run. You can see that the 50 and 200 hour MA is now starting to creating a support below the price, this is a great sign in reversal as it is signalling accumulation before high volatility upwards. Also every dip down ETH has been creating higher low with the volume dissipating signalling the bears are exhausted. My final target as I mentioned in June is 20800. That is a 800% increase. My first target is at 7750. Really short term targets are: 3166 and 3566 (they will get smashed).
Enjoy the ride guys.
If you enjoyed this content and learn something new, please FOLLOW ME here, on twitter (link in the profile bio) and on my new Youtube channel.
I am here to share my knowledge and help you navigate and understand the markets.
If you have any question or chart request, comment below.
The prince is finally waking up. A lot of people have been calling ETH dead, and bla bla bla . ETH is about to show them his middle finger. 2 months ago before this whole rally I predicted that eth would rally to 3400 and then retrace to 2600...well clearly that is what happened (exceeding the expectation touching 3800). The chart is now reviling the next move. ETH has now created a steady volume with spikes on each bear attempt to break the 2900 (failed miserably). The supply is clearly shrinking with the last upgrade which has burned so many ETH and as it can be appreciate in the chart by the bulls taking control with little effort. ETH has now formed a triple mountains pattern (triple bottom in western chart terms). Although higher timeframe looks prime for a run, the smaller need to steam off in my opinion. I believe there may be one last opportunity to catch eth in the 2700-2800 area before to break the resistance at 3100 and start the new bull run. You can see that the 50 and 200 hour MA is now starting to creating a support below the price, this is a great sign in reversal as it is signalling accumulation before high volatility upwards. Also every dip down ETH has been creating higher low with the volume dissipating signalling the bears are exhausted. My final target as I mentioned in June is 20800. That is a 800% increase. My first target is at 7750. Really short term targets are: 3166 and 3566 (they will get smashed).
Enjoy the ride guys.
If you enjoyed this content and learn something new, please FOLLOW ME here, on twitter (link in the profile bio) and on my new Youtube channel.
I am here to share my knowledge and help you navigate and understand the markets.
If you have any question or chart request, comment below.
CFcryptoTA
check the youtube channel out
youtube.com/channel/UC1nxHmfbU0pyoX7Bp-ayDuA
Telegram channel for 1 to 1 chat: t.me/TAEW4
check the youtube channel out
youtube.com/channel/UC1nxHmfbU0pyoX7Bp-ayDuA
Telegram channel for 1 to 1 chat: t.me/TAEW4
