Ether ABC correction seems pretty done.
We have decent volume on the June 13th weekly candle.
Having no clear sign of inversion so far, cannot rule out a further drop closer to 800$ area.
Yet scenario is already favourable for a Long trade, in my opinion.
* TP #1 1700/1800$ area
* TP #2 2500$ area (depends on BTC outcome, to be re-evaluated)
Estimated 3-6 months.
To be re-evaluated.
We have decent volume on the June 13th weekly candle.
Having no clear sign of inversion so far, cannot rule out a further drop closer to 800$ area.
Yet scenario is already favourable for a Long trade, in my opinion.
* TP #1 1700/1800$ area
* TP #2 2500$ area (depends on BTC outcome, to be re-evaluated)
Estimated 3-6 months.
To be re-evaluated.
Kommentar:
Watch it now.
Kommentar:
Still struggling under 1280$.
Kommentar:
It was about time, Ether.
Kommentar:
1631$ high
Kommentar:
D timeframe: rising wedge, high TD count, bearish divergence, falling volume.
Crossroad scenario: ETH needs a further impulse soon, or a correction would likely loom. We'll likely know within 2-4 days.
Pretty similar picture on BTC.
Crossroad scenario: ETH needs a further impulse soon, or a correction would likely loom. We'll likely know within 2-4 days.
Pretty similar picture on BTC.
Kommentar:
Close, isn't it ?
Let's see.
Let's see.
Kommentar:
Support area down to the 1250$ mark.
Kommentar:
And bounce back over 1700$.
First target area mentioned in OP is finally reached.
It took a little more than one month.
Enjoy, handle your profit.
First target area mentioned in OP is finally reached.
It took a little more than one month.
Enjoy, handle your profit.
Kommentar:
Watch that pennant/flag.
That's the door to 2k for Ethereum, if confirmed.
Problem is that if it gets negated -AND- price breaks short term support it may get ugly quick. Volume down and divergences recommend caution.
Remember there's no safety net here.
That's the door to 2k for Ethereum, if confirmed.
Problem is that if it gets negated -AND- price breaks short term support it may get ugly quick. Volume down and divergences recommend caution.
Remember there's no safety net here.
Kommentar:
At support.
Kommentar:
Few time left for a 2k attack, from above support..
Failing that it's a matter of few days before bears take the initiative.
Further sideways or a move on low volume would accelerate the outcome.
Failing that it's a matter of few days before bears take the initiative.
Further sideways or a move on low volume would accelerate the outcome.
Kommentar:
Trying to breakout.
Pretty stretched though.
Trying to breakout.
Pretty stretched though.
Trade geschlossen: Ziel wurde erreicht:
First target reached close to the 1800$ mark.
Partial profit taken at 1810$, slightly less than +50%.
Partial profit taken at 1810$, slightly less than +50%.
Kommentar:
Zooming out.
Pretty tricky, still diverging till 2k is pierced.
Pretty tricky, still diverging till 2k is pierced.
Kommentar:
rejection at 2k, sitting at resistance.
Kommentar:
Kommentar:
Watch it.
It's attacking MA20/W, whic is the KEY resistance.
It's attacking MA20/W, whic is the KEY resistance.
Kommentar:
If it breaks through, avoiding a further rejection here, t's likely to push towards 2/2,4k area first place.
Kommentar:
Failed.
Now close to the 1400$ area retracement limit i painted on the original chart, albet late. Bids are waiting.
Now close to the 1400$ area retracement limit i painted on the original chart, albet late. Bids are waiting.
Kommentar:
First bid filled @1408.
Taking back the burden of part of the lots sold above 1800 in august.
Taking back the burden of part of the lots sold above 1800 in august.
Kommentar:
ETH has a chance to bounce if 1400$ pivot holds.
4H:
4H:
Kommentar:
invalidated by loss of 1400$
Kommentar:
Bid at 1280$ unfilled.
Shame.
Shame.
Mind that. More to come.