Following the GOAT Bollinger Bands. Looks like we can potentially follow some sort of channel uptrend.
If you entered on this temp bottom, the next 2-3 days will be very important to watch.
Looking at the 4 hour chart, we have touched 37500+
Now we wait for today to do what it has to do and these next few days should be interesting to watch.
We saw BTC resist the BB resistance and is now coming to touch the EMA in the center.
Now, looking at the daily chart. These next 3 days will be very important. There shows to be indication of it acting as support, both within the BB and my Channel. This allows me to believe we are most likely going to touch and bounce.
I will be putting in an order at 37500...
I have created another chart better explaining my thought process.
It looks like the support BB and my green triangle are showing truth. I am keeping an eye out for anything just below 2800 to sell. And will allow it to come back down to 2500+. These are small buy/sell calls as we go fourth with the end of the bull run.
As I keep suggesting, we are on a down...
I was previously asked why continue to put ETH in a triangle if we continue to drop.
I believe we will continue to drop in the long run, however, short term I can potentially calculate where the price can fluctuate based on some fundamental analysis for short term gains. Based on my last chart we are up almost 10% currently with the potential to make 20%.
None...
Referencing my previous charts. I have now put ETH in a larger triangle following its last breakout down.
The reason I believe we can put it within a triangle again is because it has touched the bottom Bollinger Band meaning it will potentially stay within the area for the next following time frame.
There was an indication to buy at 2390.
Looks to me like we...
I have adjusted my triangle to meet new high and lows. My last chart was fairly accurate, and it looks like ETH is staying within this new triangle for the next 4-8 hours.
You can plan shorting, long scenarios based of the patterns it is sowing.
The next coming breakout is happening soon and we will be able to better determine a realistic price it can go too....
As previously mentioned i dont believe ETH will cross over $3000 just yet. I beleive if it breakoust up of the yellow triangle we will hit >3000 and bounce back down.
It is the most likely scenario that we break down and stay within the bigger triangle.
I will be personally waiting for another <2500 for the short run.
Looks like we are going to breakout down, making the lowest we can go again in the short term no less than 2500. If we happen to flip in the next 4 hours and breakout upwards I will be wrong and 3300 is the new test.
I will be trying to buy at around 2500+
From what I can see, if we breakout up on the yellow triangle we also breakout up on the blue line and green line. Leading to the possibility that eth is still in a bull run. In my honest opinion i believe the breakout will be negative and leaving the lowest we can go to to be no less than <2460. Keep a close eye on what it does in the next 4-8 hours. Good luck.
