Ethereum Long Term Reversal Analysis - We have some work to do
Quick thoughts after lengthy review of where we are
* Selling has been constant, mighty - do not expect a turn around and re-testing of all time highs anytime soom
* We need some reversal pattern to get traders into a more bullish stance
* Right now we are doing a mini up-trend to capture easy money - question is, do we go to $1,700, $1,800? Top I see here is $2,100 (above $2,100, and buy like crazy)
* Expect sideways, potentially down remainder of 2022
- One option we could form is an ascending triangle
- Another option is an inverse head and shoulders, with 2 options drawn for shorter reversal (more short term bullish in blue), or longer reversal, (less short term bullish, in purple)
Personally I am expecting a nice little run into late June, early August, will selling pressure into later August, and through Q3.
Best of luck trading
* Selling has been constant, mighty - do not expect a turn around and re-testing of all time highs anytime soom
* We need some reversal pattern to get traders into a more bullish stance
* Right now we are doing a mini up-trend to capture easy money - question is, do we go to $1,700, $1,800? Top I see here is $2,100 (above $2,100, and buy like crazy)
* Expect sideways, potentially down remainder of 2022
- One option we could form is an ascending triangle
- Another option is an inverse head and shoulders, with 2 options drawn for shorter reversal (more short term bullish in blue), or longer reversal, (less short term bullish, in purple)
Personally I am expecting a nice little run into late June, early August, will selling pressure into later August, and through Q3.
Best of luck trading
Comment:
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