ETHEREUM ( ETH/USD Analysis ) - 418, The Last Line of Defense
Updated
Just got back from an 8-hour drive so I will make this very short. I am prioritizing this analysis because it requires special attention. What I am about to tell you is just a worse case scenario and maybe it won't happen at all so keep calm, my friends.
As you can see, price has again bounced off the falling wedge and make its way north which has tons of resistance, right? If we can break above those resistance and that upper purple line, then we get a home run.
However, if price were to stall and fall back into the falling wedge at any time, especially below $418, then all I can say is -- buy the dip! Again, this is just a worse case scenario so there is no need for panic but if it does happen, I can only imagine that BTC must have bungee jumped to 3k.
Why am I telling you this? I just want my followers and friends to be prepared for anything. More importantly, set your buys now around the buy-the-dip zone so you guys can brag about your trade entries when Ethereum goes to
1K later this year. Good luck and happy trading!
As you can see, price has again bounced off the falling wedge and make its way north which has tons of resistance, right? If we can break above those resistance and that upper purple line, then we get a home run.
However, if price were to stall and fall back into the falling wedge at any time, especially below $418, then all I can say is -- buy the dip! Again, this is just a worse case scenario so there is no need for panic but if it does happen, I can only imagine that BTC must have bungee jumped to 3k.
Why am I telling you this? I just want my followers and friends to be prepared for anything. More importantly, set your buys now around the buy-the-dip zone so you guys can brag about your trade entries when Ethereum goes to
1K later this year. Good luck and happy trading!Note
Homerun = Moon :)Note
Momentum is almost maxed out. Take some profit around $490 - $510Trade closed: target reached
We reached our target. Congrats, guys! I will post a new analysis tomorrow.
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