Primed for a short squeeze in my opinion, we may not reach targets based in LONG chart but if there's price action upwards here then i'm on board.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
This scenario would validate a skewed H&S Formation seen across the board which will generally lead to support failure and impulsive moves down.
if the bears win here and twitter lures enough new fish to deep waters then S2 Will be the next place ETH is heading, herd mentality shows itself through seas of green and thus red afterwards after the fruits have been picked from the branches and all that remains are mere buds.
Note
So that EW drew up on the original chart is playing closer than my arrows which broke straight through. interesting timesNote
Pivot / Predicted Possible wave 1 Hit beautifully. maybe i will look for a re entry if support is found at $550 for a possible wave 2, or maybe i wont if the dumpening occurs past these levels. I personally do not value 1 Ethereum over 500 dollars. if i bought bags of it in 2016 i could trickle feed it out slowly at any level here for an insane profit. how long will the rocket stay flying when the propellant is being depleted?Note
Ties in with the baseline of 0.035/0.040Related publications
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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.