Ethereum poised to bounce towards 1500$

23 Sep 2022

Ethereum down the middle of to supply zone, after an almost complete ABC correction.
Overextended TD count and descending broadening wedge .

Provided key support at about 1100$ holds (daily close matters), a bounce towards #TP1 at 1430-1510$ would likely follow.

Highly risky and speculative trade, for traders only.
Watch support, tune your entry, have a stop.

DYOR

25 Okt 2022

Catatan

It's moving slow and likely to meet upper boind of broadenoing wedge a bit lower than i would originally expect:



Such test will be crucial.

25 Okt 2022

Catatan

A look at weekly: key MA20/W sits at target range low.

25 Okt 2022

Catatan

Meaning that Ethereum is pretty close to a key resistance area.
Let's watch it.

25 Okt 2022

Catatan

High at 1525$, target reached already.
Yet personally i'm here for the long run.

It took quite some time, but was definetely worth it.
As usual, DYOR and protect your gains.

25 Okt 2022

Catatan

Current chart:


Enough for the scope of this analysis.

25 Okt 2022

Catatan

Sidenote: Broadening Wedge breakout should be confirmed on close.

Watch it.

31 Okt 2022

Catatan

Ethereum close to resistance on hight TD count.
Possible topping pattern, taking partial profit.

2 Nov 2022

Catatan

Closing, as target was reached .
Enough for the scope of current analysis.

4 Nov 2022

Catatan

Trying to find a breakout.



Will let this trade run and wait for BTC.

Won't double down on Ethereum here though, too risky.
In case of a strong breakout i'm confident some lagging alts will provide me better R:R from here.

4 Nov 2022

Catatan

Will provide further analysis on ETH later, but it's too soon to judge.
For now i'm just adding the above note.

16 Feb 2023

Catatan

Eyes on ETH.

18 Feb 2023

Catatan

If it manages to break through 1820$ ...



Key resistance.