ETH Secondary trend. Channel. Potential triangle. 25 12 24Logarithm. Time frame 3 days.
With altcoins (overflow of profits from bitcoin, now) along with XRP this is asset #1 for pumping, the reason for this is liquidity, which is extremely necessary for large capital. The average price of 1 distribution zone is conditionally 10 thousand. These are not the maximums of the cycle.
When the price lingers in this zone and there is a massive positive news background, all L2 assets, which are now in their accumulation zones, or in retests of breakout zones, will "fly" to super pumps (this is what it is). In percentage terms, they will show an order of magnitude greater profit in their distribution zones. Remember, as a rule, such assets (low liquidity) are first pumped by an aggressive pump (to leave in parts, without regret) by a huge %, and only then is a distribution zone formed on a rollback (channel, triangle ...) (hope for a huge profit on the continuation of the pump).
This idea is a continuation of this idea (which I can't update) of a secondary trend, the goals of which have been achieved with utmost precision:
ETH/USD Secondary trend. Bullish triangle. Breakout. Target 96% 11 11 2023
It is worth noting that now in the news background: "ether is bad" , huge fake short positions for the news background. Many crypto media personalities speak negatively about the “prospects” of this very promising cryptocurrency of the “American” (Jewish) transnational financial conglomerate JPMorgan Chase (size of depository assets — $ 32.4 trillion, size of assets under administration — $ 7.7 trillion, etc.). What kind of lack of prospects can we talk about??
If they “stink” a lot to create public opinion, then there is probably an interested party in this. That is, it is worth doing everything the opposite of what they want to inspire, and as a result, tilt supply/demand in a favorable direction, which, as a rule, is always unprofitable for most market participants.
If you are an investor , then buy at any price (you can use martingale in parts, or place trigger orders for a breakthrough of important zones), and do not be interested in the opinion of the majority (meaningless market noise) and the news background (manipulation, deception). Sell in the distribution zone (time is known in advance when, 2 zones) with a huge profit, as for a liquid trading instrument.
If you are a small investor or trader , then pay attention to the L2 group of assets and ETC (big pump “stick”), and use ETH itself as an indicator of “when”.
Also, the idea shows an unlikely scenario, or rather two scenarios. Consider this in your risk management.
The idea of the main trend , published several years ago. Which, of course, is still relevant now. Everything develops organically, and extremely precisely according to plan.
ETH/USD Main trend Pump/dump cycles. Accumulation/Distribution 8 09 2022
Trend in general for clarity now.
locally this potential triangle (it doesn't exist yet) looks like this.
