📊#ETH has a chance to form a double bottom structure🚀🌕🧠From the perspective of the macro cycle, we have broken the weekly short defensive point, which means that sooner or later we will challenge the historical high, so we remain bullish.
➡️Judging from the current structure, if we successfully break through the inflection point, then a double bottom and long structure will be established, which means that we will most likely use this structure as a supporting power to pump.🚀🌕
Let's see👀
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ETHUSDTPERP
📊#ETH double bottom structure rises🚀🌕💥We started long ETH after stabilizing above the support zone, locking in more than 80% of the main profit after reaching the short defense point at the weekly level. When the price returned to the support zone again, we increased our position again. At present, 900%+ profits have been obtained. Congratulations to the friends who followed Wolf King to print money.💰🍻🍻
🧠From a structural point of view, we successfully broke through the short defense point resistance line, and the resistance line turned into a support line. A double bottom bullish structure is established and we may continue to move higher based on this structure.🙏🚀🌕
Let's see👀
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📊#ETH weekly level view📈👀We can easily find that the overall trend of the market is upward, so it will be smoother to go long in line with the trend.✔️
➡️The ETH we bought near the 12H buy zone locked in major profits when it broke through the short defense point at the weekly level, because the goals of the double bottom long structure at the weekly level were all achieved. Therefore, I am worried that there will be a major cyclical adjustment that will lead to a profit retracement. In fact, a pullback did occur, and we started buying ETH again after the price pulled back to the support zone.
🧠From a structural point of view, after we break through the short defense point at the weekly level, it means that we will continue to challenge historical highs with a high probability. Maybe we don’t need to enter the daily level adjustment.
➡️Of course, if we enter the daily level adjustment range, we will buy again.✔️
Let's see👀
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📊#ETH bulls’ goals unfulfilled☕️🙏💥In the end, we obtained effective support near the support area, and formed a smiling face bullish structure here. Our long orders under this structure successfully captured 800%+ profits. Congratulations to the friends who followed Wolf King to print money.💰🚀🌕🥳
🧠At present, we have encountered heavy resistance near the short defense point at the weekly level, but it does not have much impact on the larger trend direction, and we still have the opportunity to go higher.📈
Let's see👀
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📊#ETH may build a smiley face structure☕️🧠We finally found good support near the support area and have the opportunity to build a smiley face bullish structure here. If this structure holds, then we will most likely go to around the 3880 level.
Let's see👀
⚠️At the same time, don’t forget about risk management.
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📊#ETH next structural evolution ideas🧠➡️We entered the correction phase after completing the daily and weekly level targets, which is very reasonable. The ETH spot we bought in the 12-hour buying zone also successfully broke through the weekly level short defense point of 3580. Choose to lock in more than 80% of the profits.✔️
🧠The following structural evolution ideas:
➡️If we start to rebound in the support area and form a new long structure, then we can use this structure as a support force to continue rising, and even breaking through the historical highs is possible, because the weekly level short structure is destroyed.
➡️If we continue to fall below the support zone, then the most pessimistic scenario will occur. We will most likely go to the daily level buying zone, which will be regarded as the best buying zone.
Let's see👀
⚠️At the same time, don’t forget about risk management.
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📊#ETH reaches the buying zone✔️🧠The structure of ETH will look clearer. The goals of the double top short structure have been fully achieved, so we stopped the decline in the buy zone, which makes perfect sense.
➡️Waiting patiently and trying are processes that must be experienced in trading. We don't know how the market will go, so we don't need to guess. We just need to look for the long structure in the buying zone and try it.
⚠️Only if we can accept failure calmly can we enjoy profits.💯
⚠️At the same time, don’t forget about risk management.
📊#ETH reaches support zone✔️🧠We ended up going down in a rising wedge pattern, exactly as I expected.✔️
➡️The current reaction after we hit the support area is good, new participation opportunities need to pay attention to the image structure of this area, let us give the market a little more time.
Let's see👀
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📊How will #ETH behave after the upgrade❓🤷♂️Unfortunately yesterday, we failed to successfully break through the resistance zone, so we placed a long order to lock in 50% of the profit near the resistance zone, and then continued to look forward to a breakthrough in a low-risk manner.🙏
🧠From a graphic point of view, a rising wedge is also formed here. Both rising and falling are possible, so it is quite contradictory.
➡️If we are able to successfully break out of the resistance area, a move back into this area would be a good time to buy.
➡️If we follow the rising wedge downwards, then when the price returns to the daily buy zone and around 3580, this is also considered a suitable buy zone.
Let's see👀
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📊#ETH is still expected to rise📈➡️In the last post, we made a long order based on the structure of an ascending triangle. After reaching TP1, we locked in 50% of the profit. In the end, the market did not continue to rise as expected, but chose to fall to obtain liquidity, although some Sorry, but that's how trading goes.🤷♂️
🧠At present, we have reached the vicinity of the periodic resistance. If we are rejected here, then the callback to the weekly level buying zone will be a bullish area worthy of our attention. If it directly breaks through the periodic resistance zone, then the resistance zone will turn into support. A pullback into this area would be a buying area worthy of our attention.✔️
Let's see👀
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Do you believe that Ethereum - 1 ETH can cost $28k ?Here is our global vision of possible the Ethereum price movement in the coming years.
On the chart, assumptions according to the Elliot wave analysis
The current wave of growth is probably not over yet. But whether it will reach $3000 or $4800, we will be able to adjust it based on the move dynamics of the ETH price in the future.
Then will be the correction, which will need to be calculated more accurately based on the maximum of the current growth wave, will be made. But roughly speaking, in 2024, the ETHUSD price should no longer fall below $2000-2500.
Years have passed, and now we can say with certainty that Ethereum has the status of a stable "silver" in the crypto market. (all direct competitors from 2015-2017, such as LTC, DASH, BCH, etc. who were predicted to have this status in certain periods, have clearly deflated and failed to meet the expectations of crypto users)
Therefore, it is no longer correct to dream of super growth for the price of ETHUSDT, but modest x10-x15 for a possible future 2-year growth cycle, why not?)
What do you think about this wave analysis and are you ready to hold and sell your ETH in the range of $27000-28000 ?) Write in the comments
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📊#ETH has a chance to form an ascending triangle📈With our strong break above the neckline, it shows that bullish sentiment is very high. While waiting patiently, we are gradually squeezed near the neckline buying zone, and may eventually form an ascending triangle.
If we manage to break through the inflection point, then a pullback would be a suitable buying opportunity.
Let's see👀
📊When will #ETH break through ATH❓🎊I am very happy that the market developed as expected. We took profit after completing the final goal and accurately closed the position at the top. Congratulations to the friends who followed Wolf King to print money and obtained 900%+ returns.🎉🎉🎉
🧠From a structural point of view, all the weekly and daily level targets have been achieved, so we chose to close the position. Since the short defense point has been broken, we have the expectation of breaking through ATH. As the Dencun upgrade approaches, maybe we will go stronger, and this deep correction can be viewed as an acceleration.
➡️There is currently no structure to support, so we are not in a hurry to be bullish. We still need to give the market more time to build a structure.☕️
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📊#ETH finally succeeded in breaking through✔️"I'm waiting for you here." Are you here❓
🧠For spot trading:
After waiting for about two months, our main goal has finally been achieved, and we have successfully locked in the main profits. Congratulations to our friends who followed Wolf King to print money, we have successfully achieved a 60%+ increase. The remaining positions will look forward to the possibility of continuing to break through ATH.🙏
➡️For short-term futures trading:
We also locked in the main profit in time, allowing the remaining positions to continue printing more money without risk.💰🚀🌕
➡️For the current structure, we have reached a staged resistance zone, and perhaps we will consolidate here for a period of time to digest the selling pressure here.🫣
Let's see where we go next👀
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📊#ETH may rise based on cup-handle structure📈🧠We have been consolidating sideways in the target area for a while, digested some selling pressure, and formed a cup-handle bullish structure here. The long order we made based on this view has locked in 50% of the profit, and then looks forward to it risk-free. Congratulations to the friends who followed Wolf King to print money.⚙️💰🍻
➡️If it continues to rise, with a healthy correction midway through, it will also be seen as a good buying opportunity.
⚠️Note, don’t forget risk management
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📊#ETH reaches the weekly TP zone✔️"I'm waiting for you here. Are you here?"
➡️I am very happy that everything developed as expected. For futures trading, I once again reduced my long position by 10%, and the remaining 10% was used to look forward to a breakthrough of 3580. Of course, it is reasonable for you to close your position here because the weekly level target area has been achieved.
➡️For spot trading, the ETH we bought near 2223 has now successfully reached TP. In more than a month, it has increased by 50.56%. You can choose to lock in 50%-80% of the profits. Congratulations to everyone on your good profits.💰🚀🌕🍻🍻🍻
➡️Why should we keep 20%-50% of the position?
🧠This should have been analyzed for you in the previous post. I hope we can successfully break through the short defense point (3580). If we successfully break through the short defense point, then we have a chance to break through ATH (4877).🙏
➡️If we successfully break through the short defense point, we will reduce our holdings again, leaving only 10% to look forward to the breakthrough of ATH. It is definitely difficult to directly break through ATH, and the process may be full of twists and turns, so leave a small position to look forward to this possibility, and it will not leave you with too much psychological burden.💯
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📊Where is the final TP of #ETH ❓👆Regarding this issue, I already told you in my post in January. The prompt "I'm here waiting for you" must have appeared many times. I hope everything goes as smoothly as expected.🙏
➡️Did you increase your position yesterday❓
🧠We have added positions. Moreover, 80% of the main profits have been locked in, and we look forward to successfully breaking through the short defense point. Because if we refer to the trend of BTC, since we are going to start a bull market, it also means that the short structure must be completely destroyed. Therefore, as a representative of altcoins, ETH's performance cannot be too bad.✔️
➡️Let us look forward to the breakthrough of 3580🙏🎯✔️
⚠️Note, if your entry point is not ideal, then don't be too greedy.
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📊#ETH returns to the D2 buying zone again.📈💥We increased our positions after successfully breaking through the D2 resistance zone yesterday, and reduced our positions by 50% after reaching the D3 target zone. Congratulations to the friends who followed Wolf King to print money, and once again achieved a profit of around 300%+.🍻🍻🍻
🧠At present, we are using the cup-and-handle bullish structure as a support force to start rising, and the price has once again returned to the D2 support buying zone. Do you dare to increase your position?🤔
⚠️Also don’t forget risk management💯
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📊#ETH may rise according to cup-handle structure📈➡️As expected in the previous post, we have a cup-and-handle bullish structure forming. If you buy according to this idea, the current profit is 100%+, you can choose to lock in part of the profit, and then look forward to more without risk. Congratulations to all the friends who followed Wolf King to print money.🍻🍻🍻
🧠We are currently testing the D2 resistance zone for the third time. If it can be successfully broken through, the D2 resistance zone will turn into a support zone.
If the breakout fails, then the hope is that support will be found here when the price returns to near the buy zone.🙏
⚠️Also don’t forget risk management💯
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📊#ETH has a chance to form a cup-and-handle structure📈🧠After reaching the D2 TP zone, we did not choose to fall back sharply, but moved sideways. This means that the bullish force is very strong, and the structural trend combined with the macro cycle is still a bullish trend. Therefore, we held a long order near 2,900 US dollars and locked in 80% of the main profit when it reached 3,000 US dollars. Congratulations to the friends who followed Wolf King to print money and obtained a 300%+ return rate.🍻🍻🍻
➡️From a structural perspective, there is no short-selling structure here. Instead, there is a chance to form a bullish cup-and-handle structure. Therefore, please be cautious in shorting and focus on bullish positions.📈
⚠️Also don’t forget risk management💯
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