Primed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
Trade ist aktiv:
Found Mutiple BARTs on the Binance chart.
Trade geschlossen: Ziel wurde erreicht:
bounce looked weak here but pushed through predicted 420 to 430, looking for re-entry at lower levels.
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If fractals guna fractal and market cycles guna market cycle - we could see this. half price ether from here vs the bitcoin
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So that EW drew up on the original chart is playing closer than my arrows which broke straight through. interesting times
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Pivot / Predicted Possible wave 1 Hit beautifully. maybe i will look for a re entry if support is found at $550 for a possible wave 2, or maybe i wont if the dumpening occurs past these levels. I personally do not value 1 Ethereum over 500 dollars. if i bought bags of it in 2016 i could trickle feed it out slowly at any level here for an insane profit. how long will the rocket stay flying when the propellant is being depleted?
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found a nice bear channel on the bitcoin pair;
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Ties in with the baseline of 0.035/0.040
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looking weak here and bitcoin is just breakout out
