ETH etf release is priced in currently. Changes coming to ETH are expected to save on gas for transactions. Ultimately, the price of ETH will follow this trend as changes are made.
Here is how I expect the market to move until the end of the year into September of 2024. I want to post this so I have a playback of how it actually happens as a recession is looming on the horizon.
I know it looks like chicken scratch but it was the same lines that helped me last year. This is the path I expect SPY to follow with a -20% expected return by DEC 30. The average negative return since 1928 has been approximately around -15%. No one has proclaimed there will be an estimated -20% return. It is just for charting purposes.
I believe SPY still has room to grow with continued covid-relief talks. Not only that, but earnings are okay and have recovered from covid lows from what I've heard from "the experts." We fell below support and have recovered. This trend will continue!
Note: I have a 04/16 Call w/ $383 strike
With a new high, the recent volatile drop, and low Put to Call ratio, I think SPY will drop and bounce back. To what point? This is likely to happen at one of the support/resistance lines on my chart. My best guess is $380 or $377. Keep an eye out!
I decided to make this post because I saw that people were arguing about whether this was a bullish flag (pennant) or a descending triangle. A bullish flag is a gradual decline in the price of a stock not budging below a support line which forms the flag. The descending triangle is similar in the gradual decline. However, the price does break below the support...
$APHA is likely to push higher as it has been floating above this area of support. This bullish flag on the 4 hour can be seen. I would recommend to buy $APHA.
