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Ethereal

Ethereum repeating 2016/17 fractal? or WHAT THE WEF WANTSThe geometry is very similar, but not identical… Having been there last time i'd say sentiment is similar… Having successfully completed the merge, ethereum is now eco-friendly and consistent with the digital eco-agenda reset… It is clear the days of fiat currency are numbered and the old financial system is being rebooted. Inflation is rampant and the volatility in fx markets is picking up. America’s strong dollar policy will be challenged. Cryptocurrencies have not crashed despite a parabolic up move on the dollar. Retail traders are net long dollar and short risk assets. If we get a sharp down move in the dollar the above fractal can easily play out as the invincible dollar narrative is questioned. Crypto assets have thus far not been a hedge for equities; but they may henceforth prove to be a hedge for fiat currencies… Satoshi conceived bitcoin not as digital gold, but as peer to peer cash; and with the lightning network up and running- this is no longer a meme. Cryptos have gone sideways despite a parabolic blow off top on the dollar. If the dollar corrects hard now all bets are off- for stonks and cryptos… It is my belief that ethereum will be the (a)ether for the new financial system… So whilst the fractal on a log scale gives exponential targets.. I actually think these are reasonable… LET'S SEE WHAT HAPPENS GRI 2022 DISCLAIMER: This idea is for entertainment only
BITSTAMP:ETHUSDLong
by Great_Reset_Investing
10
Ethereum: Watch for Price Action at 530$ SupportThe price bounced from the resistance zone and moved back to the previous swing low level. We have the support zone formed by SMA200 and 530$ and the price action at this zone will be able to give us additional signals. If the price bounces from the support zone, we will have a bullish setup. I'm not sure that the price will move upward after that, but we can try to catch a possible upward movement using half of the standard position size. Stop orders for long trades must be placed below the support zone and the local swing low. If the price breaks SMA200, it will be a trend reversal signal from the 4H timeframe. The price will be able to reach 500$ support and provide us new buying opportunities. I would like to start buying using this support. The breakout below 500$ will open the road toward 400$, but it will be another story. Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by DLavrov
1
Ethereum: False Breakout and New Long PositionThe previous long trade was closed by stop. It was based on the price reversal from the support zone. Those who think that in trading there must be only profitable trades, they should be disappointed by such price action. Those who understand that any profitable trading includes a lot of trades closed by stop order, they could open a new long position based on a false breakout. Here is the possible long position which could be opened based on bullish signals from MACD, RSI, and the upside movement above the main uptrend line. How will the market develop the uptrend? Nobody knows exactly. But what we can say right now, the price can continue the upside movement in the borders of the price channel. We also got a new swing low, which will be the signal point in the future. If sellers can push the price below it, we will talk about the bearish market. P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by DLavrov
8