Crypto Analysis | ETH Ready to Take Off...
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ETH is going to 4-5k rather sooner than later based on my TA.
...and looking at the charts the rocket is about to launch...
This is from 2 weeks back, just before price went to 1.7k, notice the wedge in which price has been moving in. In a bull market this is a clear indicator of a coming breakout to the top.
Compare it with the current chart. Once again we are in a wedge that has run out of room... If you are good at looking charts you might also spot the fractal from January and the one from the last 2 weeks. In the earlier one we had 4 peaks, the current one has three, so there might be one more to go. This is what I indicated with the arrows. It is either that - about a 5% correction - or straight up to all time highs.
While it might seem like a high target, the past cycle has made a small bounce at the equivalent range of 4-5k in this cycle, before going much higher still...
And if the past can be relied on, it should happen fast; in about the next 3-5 weeks. Are you riding the wave with me? :)
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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Great information! Thanks for sharing, I'll keep my eye on it.
happy if this is useful :))
Great post as usual keep them coming!
thanks so much for the tip :D
my upvote is so small because I keep delegating my HP away... tipping is practical to reward good value content
Nice post again, send it plz 🚀
I doubt we'll get to ATHs that soon and I also doubt it will be that low. Around $10,000 I'd say it would be the peak for ETH this bull market. In regards of expected time for that to happen... sometime by the end of the year, October-December.
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actually the target I mentioned before was 30-50k for ETH; It was when ETH gained on BTC tremendously for some weeks (info is in the first link of the post)
Wow! This is exciting! Thanks for sharing!
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STOPCheck out the last post from @hivebuzz:
It looks like Ethereum is a good entry point into crypto right now, I'm still puzzled on which to invest in first.