Whats Up guys?
I Posted an $ETH analysis a few days ago showing you why the charts are telling us that another move to $2000+ is in the cards, before the reality of a recession hits, and new lows under 1k are put in
I posted it below if you want to check it out.
Though its in a different...
Since August 14th Eth has been moving down slowly in what I believe is a beautiful flag (or corrective channel pattern as I like to call it).
These corrective channels show up across every asset on Higher and lower time frames.
In fact, almost every multi year bear market correction resembles these channel like structures.
From Bitcoin during...
Since 2019 the ETH/BTC has gone from .017 to .09 at its peak in December (almost a 4x gain!)
This was due mostly to the rise of things like NFTs and Play 2 earn gaming, which almost exclusively use Ether to purchase/use. This is a trend I don't see cooling off in 2022.
For this reason and many others, I think Ether will only continue to appreciate against...
USDCAD is showing signs of continuation for more downside on the daily and 4H.
Looking to target at least a few hundred pips lower.
We're looking at a few weeks of consolidation, in line with the corrective structure on DXY for more downside.
This Should play out over the next few weeks
So I think we've seen the bottom of this Bitcoin correction.
We have corrective behavior + an inverse head and shoulders peak completing.
Once we shift, we should see all time highs pretty quickly.
I've been tracking this correction on Gold since the obvious corrective behavior started forming in August.
It took over 6 month to complete, but this pattern has clearly been broken with a Fat Impulse.
My original entry is at at $1692 and I will be scaling in on corrections.
My first Target is $2150.
This falls in line with my Thesis of a bearish Summer for...
All signs pointing to another Big Leg Up Coming for UNI
We've been in this text book corrective consolidation for over a week and it's only a matter of time before the next impulse starts.
With Uniswap V3 having just launched yesterday, improving the capital efficancy of the protocol, I think Uniswap is extremely undervalued sitting at the #11 spot on the Market...
My analysis for GJ.
We Saw a Peak formation form Last week after 3 levels of rise. We saw a move up that failed to break the Peak formation high, so I belive we are currently in Level 2 in the bearish cycle.
I think we will see a nice drop down to at least the 132.50 area before seeing any significant rise. Once we get down to that level I will be looking for...