ETH USD Bear Trend losing steam - ETH ~$300 mid yearSuper basic triangle analysis. ETH @ $300 mid year.
ETHUSDC trade ideas
ETH/USDC longprice is forminh higher lows and higher highs .
possible emma 8 cross over to the upside.
possible retest of 111 price zone
ETH is breaking down. Sellers capitulating! DCA!We are getting another chance to get in this Dog and buy small amounts under $200. DO NOT BLOW YOUR WAD on this dog. I am buying small amounts at every new low and will buy bigger amounts the lower we go. When I am finished buying on the way down, I will wait for the next pop and begin selling into the frenzy. We could be in this downward trend for a month or more. I am watching the short interest and it is rising, but not much. It really looks like traders are done holding this dog for now. But it's not about today, it's about tomorrow -- and there is still money on the sidelines waiting to get in. When they see their low price target met the bears will get squeezed again. My original target for ETH was around $25. I took some heat for that prediction. I said we would see $200 before we saw $500 and I took some more heat for that prediction. Now I think we could very well be witnessing the full breakdown of ETH. I am hoping to scalp on the squeeze and hold some for free for the long term.
I have been buying on the lower lows since we hit $198 on Coinbase Pro. SMALL AMOUNTS! Nothing CRAZY. This is not a get rich tactic but a scalp playing the odds! Always do your own DD before buying risky investments and know what your buying and when to buy and when to exit. Stick to your predefined trading rules without question and take profits off the table fast. I am looking for 15+ percent ROI for a period of 2 months.
***DCA (Dollar-Cost-Average)***
Happy trading!!!
