A buying opportunity has presented itself at the level as indicated on the chart. This would be your last chance to enter the Ethereum long trade at this level. Once price leaves the area, it will not return. This pro trade is aimed at maximizing profit over a short term basis as does not represent the full upside potential of Ethereum. Good luck!
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Feeling the warmth of the rocket engines now.
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Target locked on. All aboard. Standby ignition. Counting down.
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Price fell through the bullish cloud and is approaching our stop loss level. I would not be surprised if we see a swift reversal to the upside from here soon. Nevertheless, If our stop loss is triggered, then we have a chance of re-buying at $440. I anticipate that price will retrace very quickly from there. Rest assured this pullback does not affect the overall bullish bias in Ethereum. Happy trading!
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*bullish channel (not bullish cloud). Sorry for the typo.
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Here is an updated chart with levels to buy for profitable long term trades.
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My friends, we are very close to our Trade Entry #2 zone. At the same time, Bitcoin has reached a fortified support wall around lower $6400 where I anticipated that price will very soon catapult to above 7k. Make your own decisions and due diligence.
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We have reached Trade Entry #2 for Ethereum, which is a reversal zone. A long trade from here will yield good profits over the long term.
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Price came down to $424.69 earlier and it is still in the zone. Expect another retest at the bottom because that is what I see in the Bitcoin chart. Read my latest BTC analysis if you want to know more about it.
Wow....so bullish? You don't see any additional downside?
cryptoezvip
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@xxxSALTHEART, aside from factors explained in the previous chart, I am primarily staying bullish due to overall market strength and price actions that we have all recently witnessed.
xxxSALTHEART
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@bibboyne, My apologies, I should have reviewed your earlier charting which I am doing now. Appreciate the work you're doing. You encapsulate my thoughts as well. Just too much underlying positive sentiment and market moves for us ever to goto 3k right now unless something catastrophic happened I think. Anyway thanks again, i'm still pretty new at trading and learning as much as I can every day. Fascinating stuff.
cryptoezvip
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@xxxSALTHEART, no need for apologies. I am glad that you are keeping an open mind and willing to hear me out. Many criticized me when I called on the bull market back in Jun 25. Everyone was so eager to see 3k back then... lol!
@bibboyne, i hope to see that you turn out right, you are already down by around 10%...fingers crossed!!
cryptoezvip
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@BobbyTips, thanks. The market needs to calm prior to a reversal. Give it more time.
InvestingScope
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ETH is only pricing the new Lower High. Still a short:
dcardona1
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You gotta give it time to play out. We could be forming a bear flag, a continuation pattern. I guess you could buy now if you have a tight enough stop loss to anticipate a higher low, but we failed to print a higher high which suggests we are still in a bear market.