Ethereum is ready for a massive pump! (again)
- It has been one of the best 2 months in crypto history, with tremendous gains on altcoins. Euphoria is at a very high level, but it's going to be even higher because ETH is forming this incredibly bullish pattern!
- My main focus is and always will be on altcoins, and I am monitoring all futures + spot pairs on major exchanges. I prefer to trade on leverage, so you don't need too much margin compared to the spot.
- Ethereum's chart is displaying an inverse head and shoulders pattern, and I am confident that once we break the neckline, we will see a massive green dildo, which is why you should be in.
- It's a good idea to buy ETH right now and set your stop-loss below the right shoulder. You don't want to wait for a confirmation! You want a higher risk-to-reward ratio instead.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- On higher timeframes, ETH has been moving in an ascending parallel channel on the LOG scale. This channel is indeed very resistant; make sure you are aware of it.
- From the Elliott Wave perspective, the wave structure is totally incomplete. We are still in the 3d wave, and we have plenty of time for the upcoming uptrend!
- Some altcoins are skyrocketing with 100% - 500% gains already. Do not forget to take a look at my previous analysis on BTC - "30k next stop, then big crash! (Whales plan)."
- Thank you, and for more ideas, hit "Like" and "Follow"!
