Hello,
ETH has arrived at an interesting level. The probability is very high that ETH will go north, but – and this is the key question – are the bulls able to go through the sore point (blue bar in the chart above) or not. If not we will see 120$!
Version 1 (blue line in the chart)
ETH goes up to the sore point. There the battle is decided between the bulls (up to all-time high) and the bears (detour to 120$ an then right back to all-time high).
Version 2 (red line in the chart)
ETH goes down to 120$ directly and starts the bullrun to the sore point from there. The result is the same: the battle is decided at the sore point.
So, what can you do? How to manage this?
Stay calm and have a look if ETH leaves the trend channel --> if yes, buy (target: sore point), if not ETH goes down to 120$ (maybe short, but this is a matter of taste). Form there (120$) --> buy (target: sore point). If stops are placed clever you are optimally positioned for both options decided at the sore point!
Please leave a comment or a message, if you have any questions!
Take care
tgo
ETH has arrived at an interesting level. The probability is very high that ETH will go north, but – and this is the key question – are the bulls able to go through the sore point (blue bar in the chart above) or not. If not we will see 120$!
Version 1 (blue line in the chart)
ETH goes up to the sore point. There the battle is decided between the bulls (up to all-time high) and the bears (detour to 120$ an then right back to all-time high).
Version 2 (red line in the chart)
ETH goes down to 120$ directly and starts the bullrun to the sore point from there. The result is the same: the battle is decided at the sore point.
So, what can you do? How to manage this?
Stay calm and have a look if ETH leaves the trend channel --> if yes, buy (target: sore point), if not ETH goes down to 120$ (maybe short, but this is a matter of taste). Form there (120$) --> buy (target: sore point). If stops are placed clever you are optimally positioned for both options decided at the sore point!
Please leave a comment or a message, if you have any questions!
Take care
tgo
HK-Capital-Management
looks like the red line is going to make it. Most likely we have seen wave 4, so we are in the final wave 5 of 5 of y of 2. The yellow box in the green box would be a perfect landing of the final sell-off.
tgo