These are my thoughts on ETHE. They are meant to give you an idea, not trading advice.
This is a setup meant to go big.
- Almost breaking out of a pattern
- RSI getting to a strong point
- massive volume
- crypto bull market starting
I believe price will get above the white MA, then start a massive & aggressive uptrend.
I hope I'm right on this on.
If you are following my last $ETHE idea you know that I stayed out of it because of the massive Head and Shoulder's pattern that formed. You also know that I have been laddering in from $39-$50. With an average buy price around $44.
We are now in very good position. Enjoy the ride to $100 and our first target is $200 at the moment with the kind of price action we...
Another one from Grayscale if you are down with digital currency.
If you want to try catching a falling knife you can go with a long here and a tight stop. Otherwise, wait for an obvious turn. Often reversals will happen at LVN. Definitely put this on your watch closely list.
ETHE (Grayscale Ethereum Trust): ETHE is at it's lowest premium since November 2019 as of 08/19/20 sitting at around 179% vs roughly 1000% lesss than two months ago. It's also currently sitting at a horizontal support/rising support line and rising RSI support. With Ethereum overall being bullish I would expect the premium to go up fast if there is a big move. ...
Bleeding out since august making nice entry points
Entry 1: $40.50
Entry 2: $31.50
Going long moving forward if Grayscale doesn't crash this ETF then buying at those entry points you have the 1st sell target placed at $80 for about a 100% return and that would close out the bear market for another cycle upwards.
ETHE about to flip the 50/200 day?
We did not think this would go this low. but it did - so now what ?
Do we go lower?
it seems we have bounced off a new lower low but we might reverse down further.
time will tell in this election season.
This has to be one of the most amazing crypto charts I have ever come across - it's the ETHE premium over ETH... it's transgressed across a 27% low to high of a staggering 2,015% ... insane. And it's in free fall - just dead cat bounced of a recent low of 34% and now sitting at ~50%... it almost makes more sense to trade this during market hours than regular ETH...
Grayscale Ethereum Trust (ETH) operates as open-end investment company. Its investment objective is for the shares to reflect the value of ETH held by the trust. The company was founded on December 13, 2017 and is headquartered in New York, NY.