ETH Bull Flag Takes Price to $1,825, then Down to $515
Here is exactly how things could play out!
ETH just broke out from the prior daily range high at $1,400 and is showing great potential for short to medium term continuation~!
Price is currently forming a bull flag.
The measured move for the bull flag takes price to $1,825, which is about a 17% increase in price from now. The target of the measured move has confluence with strong horizontal support as well as a strong macro diagonal trend line.
Macro Diagonal Trend Line
If price is rejected around $1,825, then I would be looking for a move back down to the weekly range low around $1,225, with continuation down to around $515 - $600. I suspect this would be the macro low of the current bear market!
If price breaks down from the symmetrical triangle, then I would be looking for the 5th Wave to take price all the way down to $515 - $600! A drop from $1,225 to $515 would constitute an approximate 59% price decrease.
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Please leave a like if you enjoyed the post! This will help motivate me to share more with the community!
Anyone else see a $500 -$600
ETH prior to the end of this bear market? If not, how do you see things playing out?
Let's get this crypto!
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Not financial advice. Do your own research prior to any trade or investment!
ETH just broke out from the prior daily range high at $1,400 and is showing great potential for short to medium term continuation~!
Price is currently forming a bull flag.
The measured move for the bull flag takes price to $1,825, which is about a 17% increase in price from now. The target of the measured move has confluence with strong horizontal support as well as a strong macro diagonal trend line.
Macro Diagonal Trend Line
If price is rejected around $1,825, then I would be looking for a move back down to the weekly range low around $1,225, with continuation down to around $515 - $600. I suspect this would be the macro low of the current bear market!
If price breaks down from the symmetrical triangle, then I would be looking for the 5th Wave to take price all the way down to $515 - $600! A drop from $1,225 to $515 would constitute an approximate 59% price decrease.
---
Please leave a like if you enjoyed the post! This will help motivate me to share more with the community!
Anyone else see a $500 -$600
ETH prior to the end of this bear market? If not, how do you see things playing out? Let's get this crypto!
---
Not financial advice. Do your own research prior to any trade or investment!
Catatan
Every setup should come with an invalidation. This setup will be invalidated with a weekly close above the prior weekly high at $1,765. If we get a weekly close above $1,765, then I am looking for a macro move to the upside! I will be posting a
ETH bullish scenario next week!
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.