Ethereum poised to bounce towards 1500$

23 Eyl 2022

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

25 Eki 2022

Not

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.

25 Eki 2022

Not

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

25 Eki 2022

Not

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

25 Eki 2022

Not

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.

25 Eki 2022

Not

Current chart:


Enough for the scope of this analysis.

25 Eki 2022

Not

Sidenote: Broadening Wedge breakout should be confirmed on close.

Watch it.

31 Eki 2022

Not

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

2 Kas 2022

Not

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

4 Kas 2022

Not

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.

4 Kas 2022

Not

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

16 Şub 2023

Not

Eyes on ETH.

18 Şub 2023

Not

If it manages to break through 1820$ ...



Key resistance.