Ether ABC correction seems pretty done. We have decent volume on the June 13th weekly candle. Having no clear sign of inversion so far, cannot rule out a further drop closer to 800$ area. Yet scenario is already favourable for a Long trade, in my opinion.
* TP #1 1700/1800$ area * TP #2 2500$ area (depends on BTC outcome, to be re-evaluated)
Estimated 3-6 months. To be re-evaluated.
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Another wick down is possible. Mind that. More to come.
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Watch it now.
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Still struggling under 1280$.
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It was about time, Ether.
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1631$ high
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D timeframe: rising wedge, high TD count, bearish divergence, falling volume.
Crossroad scenario: ETH needs a further impulse soon, or a correction would likely loom. We'll likely know within 2-4 days.
Pretty similar picture on BTC.
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Close, isn't it ?
Let's see.
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Support area down to the 1250$ mark.
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And bounce back over 1700$.
First target area mentioned in OP is finally reached. It took a little more than one month.
Enjoy, handle your profit.
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Watch that pennant/flag.
That's the door to 2k for Ethereum, if confirmed.
Problem is that if it gets negated -AND- price breaks short term support it may get ugly quick. Volume down and divergences recommend caution.
Remember there's no safety net here.
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At support.
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Few time left for a 2k attack, from above support..
Failing that it's a matter of few days before bears take the initiative. Further sideways or a move on low volume would accelerate the outcome.
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Trying to breakout. Pretty stretched though.
Trade closed: target reached
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First target reached close to the 1800$ mark. Partial profit taken at 1810$, slightly less than +50%.
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Zooming out.
Pretty tricky, still diverging till 2k is pierced.
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rejection at 2k, sitting at resistance.
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Watch it.
It's attacking MA20/W, whic is the KEY resistance.
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If it breaks through, avoiding a further rejection here, t's likely to push towards 2/2,4k area first place.
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Failed.
Now close to the 1400$ area retracement limit i painted on the original chart, albet late. Bids are waiting.
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First bid filled @1408.
Taking back the burden of part of the lots sold above 1800 in august.