Long

Why hello there ETH, can we be friends?

By crow1980

Updated

barring any black swan events - now that we have the new ETH release forthcoming, the bitcoin halving in the future, and the bear market behind us (fingers crossed?), this is the trend - we'll see some stops and volatility at the major support/resistances for trading.

I'll just be holding for the next year or two. Less stress!

Note

Little Cup and Handle in there - 3700 range will be a bit of a rejection at first, followed by a rocket ship

Note

We've got the advance pumping! My current view is that the top will be between the daily SMAx3 and SMAx5. I'm eyeing up that 10-14.5k zone. With the new market dynamics of liquidity into crypto, we may have a dual push this bull cycle, which means we have a top that's short of the 10k range, with a secondary push later in 2024.

That will likely be somewhere between SMAx2 and SMAx3.. it's pumping the x2 now (red line).

Note

Can also see on the weekly it's above the EMA21. That will lend itself as support through this bull cycle. Buy any retest and breakout off of that orange line

crow1980

Also on:

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.