ETH (Y20.P1.E17).Macro.Next Target
Updated
Hi All,
In recent past, I made a post on ETH\BTC which has a potential of a massive breakout.
Hence I have my eyes on ETH.BTC as well as ETH.USD.
** (Similar to BTC, I believe that ETH is completing its 2nd stage of a 4 stage cycle. Refer to my previous posts about my hypothesis)
For now I have the following:
> ETH on the daily is in an uptrend
> ETH on the lower time frames is in a downtrend.
> The 20 and 50 EMA on the lower time frames are my focus. More likely a bounce of the 50 EMA on the daily.
> On the daily, I have macd pointing down in convergence with price movement
> On the 4 HRLY, I have the macd reversing upwards, however we are still in a downward trend on the lower time frames. We nee to see a higher high before we can make the next call.
> However as stated, on the daily, we are still in an uptrend and hence I have ETH half way of an AB=CD move where point C is likely hit at the daily 20 EMA otherwise it would be the 50 EMA on the Daily.
Both acceptable as part of the CRADLE zone.
** Note: BTC completed a AB=CD when it hit the 9100 price.
Very much like BTC, I believe we are in an accumulation period for ETH. With BTC this price ranges from potentially starting at 7800. But for now, I have 8000 to 8200 price range.
Similarly, ETH at this point is 155 to 170, as accumulation
BTC has the potential to pull back to 8000 to 8100 range which is still acceptable as part of an uptrend on the daily.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)
ETH more of a macro view, with the top trend line being the resistance for this stage of the ETH cycle.
BTC close up view
What do I have at the MACRO level?
Refer to my next post coming.
In recent past, I made a post on ETH\BTC which has a potential of a massive breakout.
Hence I have my eyes on ETH.BTC as well as ETH.USD.
** (Similar to BTC, I believe that ETH is completing its 2nd stage of a 4 stage cycle. Refer to my previous posts about my hypothesis)
For now I have the following:
> ETH on the daily is in an uptrend
> ETH on the lower time frames is in a downtrend.
> The 20 and 50 EMA on the lower time frames are my focus. More likely a bounce of the 50 EMA on the daily.
> On the daily, I have macd pointing down in convergence with price movement
> On the 4 HRLY, I have the macd reversing upwards, however we are still in a downward trend on the lower time frames. We nee to see a higher high before we can make the next call.
> However as stated, on the daily, we are still in an uptrend and hence I have ETH half way of an AB=CD move where point C is likely hit at the daily 20 EMA otherwise it would be the 50 EMA on the Daily.
Both acceptable as part of the CRADLE zone.
** Note: BTC completed a AB=CD when it hit the 9100 price.
Very much like BTC, I believe we are in an accumulation period for ETH. With BTC this price ranges from potentially starting at 7800. But for now, I have 8000 to 8200 price range.
Similarly, ETH at this point is 155 to 170, as accumulation
BTC has the potential to pull back to 8000 to 8100 range which is still acceptable as part of an uptrend on the daily.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
(for my reference > Master.copy chart)
ETH more of a macro view, with the top trend line being the resistance for this stage of the ETH cycle.
BTC close up view
What do I have at the MACRO level?
Refer to my next post coming.
Note
Just looking at the next macro target using other means and they all point to the same number, 220.Note
Just noticed we had a weekly open and close above the 20 EMA. Wow. Note
Progress update:Looking back at April, May, we can see at a key resistance we spent some time in a range after a big up-move just like here. Similar to BTC. So this fractural is there.
Note
ETH close to top trend line, strong resistanceNote
FYI, I have changed my perspective with the macro formation based on ETH performance and as well as with all ALTs.I'm closing this as we reached my target with good accuracy.
I might be wrong that ETH now will pull back but not much for the next rally up. See my next post update on what I expect. Link will be provided soon.
Trade closed: target reached
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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