ETH to $2500 Magnet - Boooolish

Simple enough: Break up with 4 hour close above yellow, we go to green. 4 hour close above green, head towards the 1.618 at $2500. Failure to break up from yellow entails heading back down to the $1650 area for support. Don't want to see us losing the huge support at $1300.

Daily MACD still crossing green. Weekly stochastic RSI bottomed out to around 15 - a level we haven't seen since October. Ethereum is ready to bounce soon and the highs towards the end of this year could potentially be pretty insane. BTC stair-stepping towards $100k along with ETHBTC pumping will make for the perfect storm to exponentially increase the value of ETHUSD.

TP1: $2040
TP2: $2500

Trade active:

Broke falling wedge between March 8-12 with strong 4 hr close. Bitcoin simultaneously broke ATH. Ready to send it to TP1!

Trade active:

So far so good. Holding the line at the 0.618. We want to see it hold this support at $1750 in order to bounce up to TP1. Taking it level by level.

Comment:

Rejected by the yellow bar - hit $1650 as expected. No sign of it rebounding just yet. If $1650 doesn't hold, looking for it to drop to $1615 and then $1540.

Weekly, daily, and 12 hr Stoch RSI right on the brink of curving up. One of these supports will hold and we'll be ready for a huge rally.

Trade closed: target reached:

TP1 and TP2 reached, ending a good consolidation period. Trade closed.