Bullish scenario for Eth/Usd; Rallying into the Merge
As long as we stay above $1500; preferrably finding support at $1800; I'm keen on the idea of strength up into the multiple confluences around $2600; and into the 15th September Eth Merge event
~~Multiple Confluences:
~Eth Futures Gap (on CME Weekly chart)
~0.618 retracement level
~1.618 extension of the recent dynamic down leg
~roughly around the 50% level of the 2yr Range (2020-present)
~fundamental bullish driver being the upcoming Eth Merge; which should take place on the 15th-16th September.
Note: If it does pan out like this, and if we rally sharply into the Merge mid-September; i'd be sure to take profits there: 'Buy the rumor, sell the news' type of idea.
~~Multiple Confluences:
~Eth Futures Gap (on CME Weekly chart)
~0.618 retracement level
~1.618 extension of the recent dynamic down leg
~roughly around the 50% level of the 2yr Range (2020-present)
~fundamental bullish driver being the upcoming Eth Merge; which should take place on the 15th-16th September.
Note: If it does pan out like this, and if we rally sharply into the Merge mid-September; i'd be sure to take profits there: 'Buy the rumor, sell the news' type of idea.
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PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
PayPal.Me/twingall
BTC: 3JrhUwNRnKyqhaa1n1AXKeAubNeEFoch6S
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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