Long

Updated

ETH: possible > +50% upside

Ether ABC correction seems pretty done.
We have decent volume on the June 13th weekly candle.
Having no clear sign of inversion so far, cannot rule out a further drop closer to 800$ area.
Yet scenario is already favourable for a Long trade, in my opinion.

* TP #1 1700/1800$ area
* TP #2 2500$ area (depends on BTC outcome, to be re-evaluated)

Estimated 3-6 months.
To be re-evaluated.

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Another wick down is possible.
Mind that. More to come.

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Watch it now.

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Still struggling under 1280$.

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It was about time, Ether.

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1631$ high

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D timeframe: rising wedge, high TD count, bearish divergence, falling volume.

Crossroad scenario: ETH needs a further impulse soon, or a correction would likely loom. We'll likely know within 2-4 days.

Pretty similar picture on BTC.

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Close, isn't it ?

Let's see.

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Support area down to the 1250$ mark.

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And bounce back over 1700$.

First target area mentioned in OP is finally reached.
It took a little more than one month.

Enjoy, handle your profit.

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Watch that pennant/flag.

That's the door to 2k for Ethereum, if confirmed.

Problem is that if it gets negated -AND- price breaks short term support it may get ugly quick. Volume down and divergences recommend caution.

Remember there's no safety net here.

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At support.

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Few time left for a 2k attack, from above support..

Failing that it's a matter of few days before bears take the initiative.
Further sideways or a move on low volume would accelerate the outcome.

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Trying to breakout.
Pretty stretched though.

Trade closed: target reached

First target reached close to the 1800$ mark.
Partial profit taken at 1810$, slightly less than +50%.

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Zooming out.

Pretty tricky, still diverging till 2k is pierced.

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rejection at 2k, sitting at resistance.

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Watch it.

It's attacking MA20/W, whic is the KEY resistance.

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If it breaks through, avoiding a further rejection here, t's likely to push towards 2/2,4k area first place.

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Failed.

Now close to the 1400$ area retracement limit i painted on the original chart, albet late. Bids are waiting.

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First bid filled @1408.

Taking back the burden of part of the lots sold above 1800 in august.

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ETH has a chance to bounce if 1400$ pivot holds.

4H:

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invalidated by loss of 1400$

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Bid at 1280$ unfilled.
Shame.

f-73

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f-73