During the bear, ETHUSD has had a habit of lurking around the 50D EMA for about 3 months before exploding up.
If we get a move with the same momentum as the previous two moves, we are looking at a minimum TP of ~$460-520. (blue circle). There will be skirmishes along the way at $285, $320, and $360 levels .. but the the real tough nut to crack is $420 (red line).
If we get a move with the same momentum as the previous two moves, we are looking at a minimum TP of ~$460-520. (blue circle). There will be skirmishes along the way at $285, $320, and $360 levels .. but the the real tough nut to crack is $420 (red line).
Trade active:
Added some last night and today.
will continue to add in this 255-285 range because we won't stay here long.
I expect August to range $285-$325 or $335-$360 .. before the ETH2.0 Fomo kicks in and we shoot to 520 at the very least.
will continue to add in this 255-285 range because we won't stay here long.
I expect August to range $285-$325 or $335-$360 .. before the ETH2.0 Fomo kicks in and we shoot to 520 at the very least.
Comment:
This is for entertainment purposes only. ETH is volatile, this is not a financial advise. DYOR.
Comment:
Gorgeous looking channel, will use to define entries and exit short term.
Will add more at the red dot with a stop not far below.
Will add more at the red dot with a stop not far below.
Trade active:
It's sit back and relax time.
The longer we range below 360 the more likely it will be blasted through to 420-520, trapping shorters above, taking their liquidity, and then sending it back down.
Will right the wave up, and catch it down.
The longer we range below 360 the more likely it will be blasted through to 420-520, trapping shorters above, taking their liquidity, and then sending it back down.
Will right the wave up, and catch it down.
Comment:
*ride the wave up
Comment:
Still following the plan. There is gonna be a lot of supply at $363, I expect it to get trapped. Shorts will cover send it shooting up, thank you for the liquidity. Depending on that momentum, it will end up $420-520 .. the original target (red dot left, blue dot right)
Still following the plan. There is gonna be a lot of supply at $363, I expect it to get trapped. Shorts will cover send it shooting up, thank you for the liquidity. Depending on that momentum, it will end up $420-520 .. the original target (red dot left, blue dot right)