ETH - a follow up with downside play
Updated
Primed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
Trade active
Found Mutiple BARTs on the Binance chart. Trade closed: target reached
bounce looked weak here but pushed through predicted 420 to 430, looking for re-entry at lower levels.Comment
If fractals guna fractal and market cycles guna market cycle - we could see this. half price ether from here vs the bitcoinComment
So that EW drew up on the original chart is playing closer than my arrows which broke straight through. interesting timesComment
Pivot / Predicted Possible wave 1 Hit beautifully. maybe i will look for a re entry if support is found at $550 for a possible wave 2, or maybe i wont if the dumpening occurs past these levels. I personally do not value 1 Ethereum over 500 dollars. if i bought bags of it in 2016 i could trickle feed it out slowly at any level here for an insane profit. how long will the rocket stay flying when the propellant is being depleted?Comment
found a nice bear channel on the bitcoin pair; Comment
Ties in with the baseline of 0.035/0.040Comment
looking weak here and bitcoin is just breakout out Related publications
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