EthereumLong
ETH Bull Flag Takes Price to $1,825, then Down to $515
Updated
Here is exactly how things could play out!
ETH just broke out from the prior daily range high at $1,400 and is showing great potential for short to medium term continuation~!
Price is currently forming a bull flag.
The measured move for the bull flag takes price to $1,825, which is about a 17% increase in price from now. The target of the measured move has confluence with strong horizontal support as well as a strong macro diagonal trend line.
Macro Diagonal Trend Line
If price is rejected around $1,825, then I would be looking for a move back down to the weekly range low around $1,225, with continuation down to around $515 - $600. I suspect this would be the macro low of the current bear market!
If price breaks down from the symmetrical triangle, then I would be looking for the 5th Wave to take price all the way down to $515 - $600! A drop from $1,225 to $515 would constitute an approximate 59% price decrease.
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Please leave a like if you enjoyed the post! This will help motivate me to share more with the community!
Anyone else see a $500 -$600ETH prior to the end of this bear market? If not, how do you see things playing out?
Let's get this crypto!
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Not financial advice. Do your own research prior to any trade or investment!
ETH just broke out from the prior daily range high at $1,400 and is showing great potential for short to medium term continuation~!
Price is currently forming a bull flag.
The measured move for the bull flag takes price to $1,825, which is about a 17% increase in price from now. The target of the measured move has confluence with strong horizontal support as well as a strong macro diagonal trend line.
Macro Diagonal Trend Line
If price is rejected around $1,825, then I would be looking for a move back down to the weekly range low around $1,225, with continuation down to around $515 - $600. I suspect this would be the macro low of the current bear market!
If price breaks down from the symmetrical triangle, then I would be looking for the 5th Wave to take price all the way down to $515 - $600! A drop from $1,225 to $515 would constitute an approximate 59% price decrease.
---
Please leave a like if you enjoyed the post! This will help motivate me to share more with the community!
Anyone else see a $500 -$600
ETH prior to the end of this bear market? If not, how do you see things playing out? Let's get this crypto!
---
Not financial advice. Do your own research prior to any trade or investment!
Note
Every setup should come with an invalidation. This setup will be invalidated with a weekly close above the prior weekly high at $1,765. If we get a weekly close above $1,765, then I am looking for a macro move to the upside! I will be posting a
ETH bullish scenario next week!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
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