Long

Updated

Don't say that I didn't warn (both) of you | ETH

Hello everyone!
Hope you all made some profits from my charts.
If so, let me know! Like, comment or follow!

It's time to get down to business again.

Regarding the title:

Don't say that I didn't warn you - yes I'm refering to those of you who went short on the last triangle. For those thinking about shorting now, here is a second warning right now ETH has a lot more to give before we will see any major correction.

I'm also giving a warning to the permabulls as well. Sometimes u need to know when to short or close your long position, and that moment will be here soon to.

The triangle that we broke out from is actually currently forming a massive ascending triangle on the 1D with a potential of close to 20% gain before we will see a major correction. We are inside a huge wedge just begging to get cracked down upon after we reach the primary target of roughly $900.

And for those of you that are bullish, keep on being bullish for a while more but protect your gains.

And if you're shorting now, Good luck.

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It's entirely possible that we will fall out of the wedge as early as 820$ , just wanted to point this out but I'm a strong believer in this pattern so I think it will deliver around/close to 900 Before we dip.

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Diff view

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That screenshot was done fast, but the re entry we are looking for is around 620.. the .382 retracement

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Just noticed that the chart is bugged out, the replay function is not working here :(

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Oh nvm its working, we just closed the 1d candle i guess. Anyway bears are at it but they are clearly losing the game here, but we will see some profit taking when we approach 800-900 range, only then will we know how strong the bears are in this range. Good luck and stay safe

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big pennant on 15 min, we’re going for a other push soon !

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Next leg is here

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Progress...

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retrace to 725~750 -> next leg maybe

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UNLESS this holds.

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Massive bull flag 4h, agressive target 875, confirming previous analysis bias

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Could even be beginning of a larger pole, depends on how the next few candles close, looking more on this time frame and we should get a clearer picture of more potential targets.

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1D idea

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ETH Continues to confirm my bias We have another leg going on, eth is literally exploding, this is madness!

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If the bottom of the ascending triangle holds up here expect more gains soon

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$784 is the crucal price here to keep the bears in check, if we drop below it we could see some retracement starting. but, whales are good on tricking us, sometimes they decide to push is right below the pattern formation to trick people into shorting, then boom, reverse and new leg.

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Bullish gartley confirming ascending triangle
Textbook bullish <3

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Hidden bullish divergence still in play, lol. this is nuts :S
Wtf is going on

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Ok well not EXACTLY but close enough :)

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Guys i Think we might grow very very fast this year... We might only see the beginning of ETH here

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Make or break, pattern confirmation, fakeout push down real dropout from it? 784 should hold!?

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That was fast, pattern obviously failed, It's possible we are starting a early retrace, 767 is Holding the answer, might be whales pushing out people with bad SL before next leg. Can't do any analysis atm. But if 767 breaks we might go a bit deeper.

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After glancing at the volume on the hourly candles I'm confident that eth is just preparing it's next move up, we saw higher volume earlier with less impact on the price. Nothing is certain though! Bbl with some real update.

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short timeframe signaling more drop

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LOL ethereum you bastard

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Ethereum keeps feeding our bullish bias even when we drop, isn't this just too fun
It's confirming the same targets over and over

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If the price reaches all the way down to the current bullish upswing trendline, then the flag is essentially confirming the target of precisely 900$

So, if we put our fibonacci retracement there, we can see that it's indicating 758$ as the support in this case and where we can expect the next bounce to happen (unless the bulls force this one early)-

We will get our confirmation when we move outside the top of the flag (which we have started doing already on the hourly, but we need to look on a longer timeframe to actually have a solid confirmation on this).

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The flag is real and we are following it now,
the green boxes above the flag is the targets, but i think we might expect a pullback somewhere in between those before we resume.
A bit messy chart here but maybe u get the idea

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Actually, i think this scenario is much more likely if ETH follows the same pattern as the previous wave correction

Looking at the base of the current flag as support. if we go to the full potential to 939$

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more precise measurement

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The 1D flag is suggesting a slightly smaller target, 910$

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This wave correction looks done to me, ETH is starting to speak of higher levels now towards a 1000$

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Close enough, , i Always try to present both sides of the coin even though I'm overall bullish, and this has not changed.
Sometimes targets are fully met, sometimes not.

:)

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Long

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My long/buy position is set at 560, expecting a little more downside before we get any major move up.

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ethhunter

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ethhunter