This is just an update to the same prediction I started 2 days ago. RIGHT ON SCHEDULE AND FOLLOWING THE PATTERN PERFECTLY. Beautiful pattern, channel and ATH resistance approach. I've been spot on with this for the past 5 days.
Its like peering into the future.
For an actual explanation of this setup, please refer to the original analysis.
Its like peering into the future.
For an actual explanation of this setup, please refer to the original analysis.
Note
ETH did not get the momentum I expected on the last leg up off this pattern. It is still trading above the 20d MA and appears to be safe for now. I'm keeping a close eye on ETH this morning. Not going to sell any of my spot but may have to raise my stop loss trigger to $1,250 on my leverage positions (3x at 1350 liquidating at 1050). Early alt season driven by defi interest and a more knowledgeable market, coupled with the WSB is drawing attention (and unfortunately short term interest) from BTC and ETH. For the latter, not the most convincing time to be getting the volume needed to smash through an ATH ceiling thats been forming ar too long anyway. All of course just IMHO.
Not an advisor, just putting my personal thoughts in writing and on charts because i'm a visual and tactile learner ;-)
Trade closed: target reached
Won
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.