This trade is already active. Daily analysis:
Eth did not complete its downward cycle from the highs like BTC and LTC have. ETH is showing an incomplete bearish sequence and should find continuation lower. We are targeting my box in the 500's range. We have completed a nice corrective sequence up and now the separation from the recent high last month is becoming more severe. This is a good indication of more bearish continuation to follow.
This trade is recommended with spot or low leverage (>5x leverage) due to larger window for stop loss. While BTC and LTC will correct down from their bullish sequences and should both hold their lows, ETH will not hold the lows and continue down to equal legs extension. We should find buyers in this zone (including me) and start a bullish sequence late year or even 2025
Eth did not complete its downward cycle from the highs like BTC and LTC have. ETH is showing an incomplete bearish sequence and should find continuation lower. We are targeting my box in the 500's range. We have completed a nice corrective sequence up and now the separation from the recent high last month is becoming more severe. This is a good indication of more bearish continuation to follow.
This trade is recommended with spot or low leverage (>5x leverage) due to larger window for stop loss. While BTC and LTC will correct down from their bullish sequences and should both hold their lows, ETH will not hold the lows and continue down to equal legs extension. We should find buyers in this zone (including me) and start a bullish sequence late year or even 2025
Trade active:
Trade is still running. This is a very long term investment. Will update only when targets reached or if there are any major updates