WyckoffMode

Be Cautious With ETHUSD @ This Particular...

Short
WyckoffMode Updated   
POLONIEX:ETHUSDT   Ethereum / Tether USD
6
... time if you are looking for when to make entry. I would wait to see if we go down to $12.13. If we do, wait and see if it goes lower. I circled previous history as an example.

Those who are still in, I would consider selling "some" to take "some" profits. It's possible we continue up into the aqua blue color scribble I did as an example. Maybe not...

Comment:
I would say ETH is a buy now.

Look for a good entry. it's definitely looking healthy in my opinion.

Comment:
ETHUSD still looking good. $15 USD still very much in play. I don't see us really making a move towards $15 USD until end of February/beginning of March.

Comment:
Yes, it's still possible we fall to $12.13 before legging up to $15 USD. However, the lack of whales dumping already at our current level has me believing $15 USD is in ETH's very near future. They may have $20 USD in their sights for the dump month of June. January and June are popular dump months within BTC.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.