mess_on_a_mission

mess_on_a_mission

There is a lot similarities to previous accuulation patterns mainly in huge channels. ETH loves to double the price since bottom (like 1 - 2 k just in few months from the bottom). It's possoble we will get quite quick move to the mdian of the channel around 2.7-8 k, big correction there and few months of accumulation when BTC should react much better and btc.d...

mess_on_a_mission

Due to the previous analysis top target fits to this macro channel, target seems reachable about the end of the month.

mess_on_a_mission

Market became quite bearish but imo after this deep correction we have potential to grow really big and fast if that lower band o the channel will hold. If that will happen that will be quite choppy and take time to break previous highs at 1200 usd what should bring us to around 2600-2800 usd from where the nxt bigger correcton should happen. Target is around...

mess_on_a_mission

Very important point for ETH and all crypto market, Total 2 shows us we can still go to 517 B what would give us strong HL but here we are also on strong support, so even if we must go lower at least bounce from here is still possible. If the bull's reaction from here will be strong then we can touch even 2500 usd till merge imo.

mess_on_a_mission

We can see some nice movement from btc but until we wont break trend line with volume it's more like distribution imo. Bears can be squeezed hard in this place but if we reject new local bottom will be very possible.

mess_on_a_mission

ETH doesnt look good from this perspective but due to the low vol at the break out it still can be fake one. Same channel in log still looks solid. We have some potential in little ihs reversal pattern, bulls need to go back above 1630 usd and above lower band of the channel. Then we should see some bullish action. Otherwise we are just retesting breaking down and...

mess_on_a_mission

I think DXY wont go far from here, retest of broken trend line and double top or slightly taking highs is the most possible scenario for me, will see.

mess_on_a_mission

Things still dont look good for ETH but if bulls will defend 1530 usd price that would be a second test of this lower band of the channel, so if this hold we can see some nice bounce or even something more.. If we lose it than 1240 is next strong support.

mess_on_a_mission

ETH seems to lose all the supports, but really? While BTC is standing strong we have huge correction at eth/btc. Imo we are at the pivotal moment now, if holds we should have final impulse to the upside, if won't, we will go towards lows.

mess_on_a_mission

Every channel in the channel in the channel tells us that 1600 will be ultimate bottom (for now). Imo in this corrction move we wont go lower and new highs should be next before big, september flush.

mess_on_a_mission

When everybody see break down of the rising wedge I see potential channel with bottom around 20 k. If we get there strong higher low then it would be very bullish in long term. We should consolidate to the upper band and break to the upside starting parabolic growth.

mess_on_a_mission

Imo these two channl are now in play with target around 1600 usd.

mess_on_a_mission

I think this uptrend isn't over and after correction we will move up to start blow off top around begining of september. For now I think we will consolidate below trend line with target around 1600 usd. If this hold and after we will keep creating another higher lows then I think the channel will remain legit and we will go to the upper band pretty fast. We had...

mess_on_a_mission

I still think we have a lot space to go up, consolidation channes are crucial here. Two more pushes up till middle of september with huge, visible divergence on htf will be conformation for me that multi week (imo about 3) correction is coming.

mess_on_a_mission

While most of the market remains bearish and turning down is somthing we must consider there is still a lot potential of climbing up imo. We can see some powerfull patterns around price action, now correcting a bit to a median of potentialy huge channel. As far as 1740-70 holds structure of an uptrend will be hold. Finally if we can do one more push up...

mess_on_a_mission

Ethereum still looks very strong, if we keep momentum I would like to see some upside action from these levels what can give us targets around upper line of the channel.

mess_on_a_mission

It's truly amazing how total market cap excluding btc runs in perfect channels. So far we can see we are trnding up and first natural target is the main trend line which is aso the upper line of descending channel. There I expect longer september correction which can lead us to the second touch of the lower band of our huge channel. Making hgher low there...

mess_on_a_mission

Imo ETH is heading towards main trend line in log and a median of huge accumulation channel, targets around 2400-2500 in september. Nuke aftre merge imo.