Ethereum – A matter of time…
Updated
Hello,
ETH has arrived at an interesting level. The probability is very high that ETH will go north, but – and this is the key question – are the bulls able to go through the sore point (blue bar in the chart above) or not. If not we will see 120$!
Version 1 (blue line in the chart)
ETH goes up to the sore point. There the battle is decided between the bulls (up to all-time high) and the bears (detour to 120$ an then right back to all-time high).
Version 2 (red line in the chart)
ETH goes down to 120$ directly and starts the bullrun to the sore point from there. The result is the same: the battle is decided at the sore point.
So, what can you do? How to manage this?
Stay calm and have a look if ETH leaves the trend channel --> if yes, buy (target: sore point), if not ETH goes down to 120$ (maybe short, but this is a matter of taste). Form there (120$) --> buy (target: sore point). If stops are placed clever you are optimally positioned for both options decided at the sore point!
Please leave a comment or a message, if you have any questions!
Take care
tgo
ETH has arrived at an interesting level. The probability is very high that ETH will go north, but – and this is the key question – are the bulls able to go through the sore point (blue bar in the chart above) or not. If not we will see 120$!
Version 1 (blue line in the chart)
ETH goes up to the sore point. There the battle is decided between the bulls (up to all-time high) and the bears (detour to 120$ an then right back to all-time high).
Version 2 (red line in the chart)
ETH goes down to 120$ directly and starts the bullrun to the sore point from there. The result is the same: the battle is decided at the sore point.
So, what can you do? How to manage this?
Stay calm and have a look if ETH leaves the trend channel --> if yes, buy (target: sore point), if not ETH goes down to 120$ (maybe short, but this is a matter of taste). Form there (120$) --> buy (target: sore point). If stops are placed clever you are optimally positioned for both options decided at the sore point!
Please leave a comment or a message, if you have any questions!
Take care
tgo
Note
Hello everyone,looks like the red line is going to make it. Most likely we have seen wave 4, so we are in the final wave 5 of 5 of y of 2. The yellow box in the green box would be a perfect landing of the final sell-off.
Take care,
tgo
HK-Capital-Management
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