Hello Traders 🐺
ETH — the biggest crypto out there after BTC itself...
You already know my personal opinion on it. However, I really need to talk about it once again to update you, my dear audience, and share the facts that are sleeping on the chart.
As you can clearly see, we had a massive shakeout during the Black Monday, which now seems to be turning into one of the rarest patterns — and one of the most powerful bear traps — I’ve ever seen for ETH.
You know why? Let me break it down for you:
Usually, after Phase 1 during a bull market, ETH starts to show strength against BTC — which is quite normal, as it marks the beginning of the Altcoin Season. ETH, being the leader, attracts most of the capital.
But before Phase 2 (ETH Season) kicks off, ETH often consolidates and starts to accumulate in a bullish pattern. In this case, we have a bullish triangle pattern with a wick below the support line — a classic bear trap — which makes it even more bullish to me.
If ETH can break above the current ATH (~$4700) and push through the key resistance line, we could witness a massive run-up to new highs, in my opinion somewhere between
12K to $15K 🚀
I hope you enjoyed this idea — and as always, don’t forget our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
ETH — the biggest crypto out there after BTC itself...
You already know my personal opinion on it. However, I really need to talk about it once again to update you, my dear audience, and share the facts that are sleeping on the chart.
As you can clearly see, we had a massive shakeout during the Black Monday, which now seems to be turning into one of the rarest patterns — and one of the most powerful bear traps — I’ve ever seen for ETH.
You know why? Let me break it down for you:
Usually, after Phase 1 during a bull market, ETH starts to show strength against BTC — which is quite normal, as it marks the beginning of the Altcoin Season. ETH, being the leader, attracts most of the capital.
But before Phase 2 (ETH Season) kicks off, ETH often consolidates and starts to accumulate in a bullish pattern. In this case, we have a bullish triangle pattern with a wick below the support line — a classic bear trap — which makes it even more bullish to me.
If ETH can break above the current ATH (~$4700) and push through the key resistance line, we could witness a massive run-up to new highs, in my opinion somewhere between
12K to $15K 🚀I hope you enjoyed this idea — and as always, don’t forget our golden rule:
🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺
🐺 KIU_COIN 🐺
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
🐺 Discipline is rarely enjoyable ,
But almost always profitable 🐺
TElEGRAM CHANNEL : t.me/KIU_COIN
_____________________________________
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.