ETH Accumulation Before It's Next Move Up
+Crypto markets have been in one hell of a ride these few days and the parties just getting started.
+After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days.
+Most people TP were $686 including mine but what most of us forgot is the monthly level of $669
+Once we had our first touch on this level we saw a scam wick down stopping out all the noobs that fomomed in a grabbed longs.
+If you have been trading ETH for awhile you remember what happened when we first tested $486
+We seem to be creating the same type of pattern here and my guess is well be seeing a slow bleed to $618 accumulate along tis level and have our 3rd test on this Possible Trend line.
+Now I saw possible for 1 main reasons a trend line needs 3 confirmations/Tabs to confirm we are in a uptrend. This atm only has 2
+ETH is exhausted moves don't go up forever without a healthy pullback
+Respecting the level of $618 and bouncing off of this potential trend line I believe ETH will have enough momentum to ladder up towards $784
First TP $732
Second TP $784
+After Breaking out if its downtrend (white line) we saw ETH do 25% in roughly 5 and a half days.
+Most people TP were $686 including mine but what most of us forgot is the monthly level of $669
+Once we had our first touch on this level we saw a scam wick down stopping out all the noobs that fomomed in a grabbed longs.
+If you have been trading ETH for awhile you remember what happened when we first tested $486
+We seem to be creating the same type of pattern here and my guess is well be seeing a slow bleed to $618 accumulate along tis level and have our 3rd test on this Possible Trend line.
+Now I saw possible for 1 main reasons a trend line needs 3 confirmations/Tabs to confirm we are in a uptrend. This atm only has 2
+ETH is exhausted moves don't go up forever without a healthy pullback
+Respecting the level of $618 and bouncing off of this potential trend line I believe ETH will have enough momentum to ladder up towards $784
First TP $732
Second TP $784
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.