Ethereum poised to bounce towards 1500$

٢٣ سبتمبر ٢٠٢٢

Ethereum down the middle of to supply zone, after an almost complete ABC correction.
Overextended TD count and descending broadening wedge .

Provided key support at about 1100$ holds (daily close matters), a bounce towards #TP1 at 1430-1510$ would likely follow.

Highly risky and speculative trade, for traders only.
Watch support, tune your entry, have a stop.

DYOR

٢٥ أكتوبر ٢٠٢٢

ملاحظة

It's moving slow and likely to meet upper boind of broadenoing wedge a bit lower than i would originally expect:



Such test will be crucial.

٢٥ أكتوبر ٢٠٢٢

ملاحظة

A look at weekly: key MA20/W sits at target range low.

٢٥ أكتوبر ٢٠٢٢

ملاحظة

Meaning that Ethereum is pretty close to a key resistance area.
Let's watch it.

٢٥ أكتوبر ٢٠٢٢

ملاحظة

High at 1525$, target reached already.
Yet personally i'm here for the long run.

It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.

٢٥ أكتوبر ٢٠٢٢

ملاحظة

Current chart:


Enough for the scope of this analysis.

٢٥ أكتوبر ٢٠٢٢

ملاحظة

Sidenote: Broadening Wedge breakout should be confirmed on close.

Watch it.

٣١ أكتوبر ٢٠٢٢

ملاحظة

Ethereum close to resistance on hight TD count.
Possible topping pattern, taking partial profit.

٢ نوفمبر ٢٠٢٢

ملاحظة

Closing, as target was reached .
Enough for the scope of current analysis.

٤ نوفمبر ٢٠٢٢

ملاحظة

Trying to find a breakout.



Will let this trade run and wait for BTC.

Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.

٤ نوفمبر ٢٠٢٢

ملاحظة

Will provide further analysis on ETH later, but it's too soon to judge.
For now i'm just adding the above note.

١٦ فبراير ٢٠٢٣

ملاحظة

Eyes on ETH.

١٨ فبراير ٢٠٢٣

ملاحظة

If it manages to break through 1820$ ...



Key resistance.