ETHEREUM Is ready to hit $200? (ETH/USDT BREAKOUT POINT)
Ethereum opened the early hours of today sitting comfortably above the Pivot Point on the 1hr Chart, and so did ETH/USDT.
But what does this mean for ETH/USDT?
In the current bear zone($169-$172) where everything looks like bear market surge, nothing moves but stop loss keeps getting hunted down, (don't be one of those who call this type of situation a market manipulation as this is likely to affect how you make decisions in the future which will eventually lead to fear(EMOTION) clouding your judgements.
(Kindly like this post and share this idea if you find it useful, to encourage me make more future analysis on ETH/USDT.)
If we look at my last analysis on ETH/USDT, I stated that we will eventually consolidate for 2-4 days between $176- $152 when the price was still at $152.
Todays is the 5th day since my post, We have been able to eventually hit $174.95 and will today hit my proposed 1st TA $176.
In my opinion, From today We will see over 75% chances of breakout to the upside.
Why am I confident ETH/USDT will see $176 ?
If you look at the 1hr chart above, the early hours of the day opened above Pivot Point and it is still holding strongly for over 12hrs .
a lil dip is expected at $175 before hitting 176
This to me is a good bullish sign and in my opinion , Eth will out perform BTC in this run.
Another good look at the higher time frame(Daily)
My last analysis I warned show we could encounter a lil dip on the $176 before moving further to above $200.
To make it to above $200 Eth/Usdt will have to cross $176 or we will be pulled back by the bears.
But what does this mean for ETH/USDT?
In the current bear zone($169-$172) where everything looks like bear market surge, nothing moves but stop loss keeps getting hunted down, (don't be one of those who call this type of situation a market manipulation as this is likely to affect how you make decisions in the future which will eventually lead to fear(EMOTION) clouding your judgements.
(Kindly like this post and share this idea if you find it useful, to encourage me make more future analysis on ETH/USDT.)
If we look at my last analysis on ETH/USDT, I stated that we will eventually consolidate for 2-4 days between $176- $152 when the price was still at $152.
Todays is the 5th day since my post, We have been able to eventually hit $174.95 and will today hit my proposed 1st TA $176.
In my opinion, From today We will see over 75% chances of breakout to the upside.
Why am I confident ETH/USDT will see $176 ?
If you look at the 1hr chart above, the early hours of the day opened above Pivot Point and it is still holding strongly for over 12hrs .
a lil dip is expected at $175 before hitting 176
This to me is a good bullish sign and in my opinion , Eth will out perform BTC in this run.
Another good look at the higher time frame(Daily)
My last analysis I warned show we could encounter a lil dip on the $176 before moving further to above $200.
Trade closed: target reached:
Hi friends, as expected we broke out of the 4days consolidation from 152-176. I Am so happy to say, our first and second target has successfully been reached.
First TA = 164,
2nd TA 176
3rd TA = 200.
Currently we have successfully rallied to 190 where am expecting a dip to $180 or at most 176 before we rally back to 200.
I hope we are all making Good money today?
First TA = 164,
2nd TA 176
3rd TA = 200.
Currently we have successfully rallied to 190 where am expecting a dip to $180 or at most 176 before we rally back to 200.
I hope we are all making Good money today?
Trade active:
Now we wait for our 3rd Target at $200
Trade closed: target reached:
1ST TA 164 = SUCCESS
2ND TA 176 = SUCCESS
3RD TA 200 = SUCCESS
2ND TA 176 = SUCCESS
3RD TA 200 = SUCCESS
