ETH/USD 12H Targets — January 8th, 2023
Updated
Looking at the 12-hour chart of Ethereum, this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see ETH is still in its accumulation zone and gearing to breakout to $1287 and beyond.
This move will play out to TP1 & above marked:
🎯 $1,287
🎯 $1,347
Ethereum trade is invalidated with a candle close below $1,221 as we would look to reposition this play.
Attached to this chart are my previous 2 ideas on Ethereum.
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
This move will play out to TP1 & above marked:
🎯 $1,287
🎯 $1,347
Ethereum trade is invalidated with a candle close below $1,221 as we would look to reposition this play.
Attached to this chart are my previous 2 ideas on Ethereum.
As always please do your own research, I am not a financial advisor and this chart is for educational purposes only.
Trade closed: target reached
🎯 TP1&2 HIT. Trade closed, riding profits off into the sunset, targeting $1500 but am laddering out
Trade active
Still holding about 50% of my position with SL in place, shaved off a bit more last night at $1424, but still holding for that $1535 PT.
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