in related with last post : eth dominance is in super cycle monthly up trend and it seems super bullish. main resistance is 23.5 if it breaks this resistance i expect a sharp movement to the 34.16 !!! the high target time must be 6 jun 2022
it seems alice is in wonderland :) in 4 month there must be a good profit for holders .if you didnt enter yet wait for a correction on 12 $ . sl is 9.5 for the position with an acceptable R/R ratio
expecting increase in price in next 1 or 2 weeks for 269 $ . there may be a deep correction after target reached . position SL is 185 $ . entry point is 198 $ .
it looks like a bearish Eliot 5 waves . expecting an up trend correction and a deeper retracement to 0.618 fibo for 1.72
expecting a correction to 0.786 fibo retracement about the 15 $ .predicting the price in a long term is a little hard. and also im expecting a pull back 34 $ before going down for lower target .simply it happens for liquidation of short positions .
a correction to 0.786 fibo retracement from 20 july is expected to happen . by the way next target is 1.5 .i expect rejection of price from this point for the lower price . a double bottom on 0.59 will be a confirm for this configuration.
a long shadow on 15 to 14 $ could be a sign of the end of downtrend . it must be happen in next week . after that i expect a simple 5 Elliot wave with written targets. blue colored channel is an important dynamic trend. trade with money management and your own understanding of market .
it seems holders spend a lot of time on this asset . price must be reach to the top green channel in the specified time . ATH is so far . but a long side trend is a pretty good sign of a sharp Increase in price . i don't know about the project fundamental(i don't believe in fundamental too ) im just looking at the chart signs . in the worth scenario TP will...
According to the usdt dominance and negative coloration i expect a deeper correction in next week . if we reach to the first target there must be a long shadow which shows the end of correction.
this is a new analyze method im developing , still working on it but main trends, supports and resistant's can be found by this method . and also an acceptable time estimation. you can see how price moves and reacts to these trends in all posts. still working on it to debug the method.
Usdt dominance have a negative coloration with Btc price.the blue arrow is the price and time point and according to the trends first green arrow shows a correction in BTC price for the next 3 weeks.and the next motive wave should be start for an ATH in second week of 2022.
0.054 is a solid resistance. time and a price in blue arrow will meet each other for sure. 0.18 is a pretty sure target but time could be different.price will be move throw the blue channel.