My best guess at what ETH chart will look over the next few years
What I believe to be a bullish scenario for the next 1-2 years. $ETH
ETH-BTC seems to be forming a nice high probability trade setup here. Very rarely does this pattern not break to the upside.
White - an old eth fractal from 2017 that seems to be closely resembling todays AAVE chart. AAVE has been consolidating for the last 6+ months, which gives me confidence that a big move is indeed brewing. Fundamentally I believe it's a great defi project and have personally used it to earn yield on some stablecoins.
more consolidation ahead before ETH takes makes its next massive leg up vs. bitcoin. ETH flippening later this year? maybe.
Rough estimate of how I think the rest of 2021 and 2022 will play out for BTC
Rough estimate of how I think the rest of 2021 and 2022 will play out for ETH.
Short term REN trade setup. Great risk to reward on a high quality crypto project with actual use case.
The weekly chart of gold is a giant cup and handle, looking extremely bullish. There is a double bottom that printed on the shorter term charts which is a good sign. Everyone hates gold right now which is a good sign it bottomed, similar to BTC at the 3k levels last bear market. Money printing is still continuing at a rapid rate so it's just a matter of time...
SNX has been quiet lately in comparison to other alts, despite being a great crypto project. This is my current trade for SNX, I think the risk/reward is great here.
UMA seems to be forming a massive pennant, a break out of either side should lead to an explosive move. The last time this thing went on a run, it 4x'd in a matter of a few days. A breakout to the upside could be a nice trade for MASSIVE gains. Technicals aside its a promising project similar to SNX, Don't sleep on this one!
If DOT manages to gain dominance against BTC and ETH in the short term, this is what I think will happen. My medium term target for DOT is approximately $70
I'm suspecting another shakeout is on the horizon that will be followed by a juicy breakout into all time highs. I believe it will look something like this:
REEF movements will depend heavily on how Bitcoin and ETH behave. I'm anticipating another shakeout on the horizon, here are key levels to I'm watching with REEF. I currently have some buy orders in the "short term trade" range and intend to do just that.