$ETH
My local view on #ETH
So far, everything is going according to plan:
1. We broke the wedge pattern and now we’re testing it again
2. Liquidity sweep at $1,804
3. First long zone: $1,720/$1,800
4. Second long zone: $1,744/$1,680
5. Conservative target: $2,000
6. If $BTC reaches $70K/$72K, then the ETH target is $2,100/$2,200
As I mentioned before, $ETH looks stronger than BTC, so in my opinion the probability of reaching the second zone is low.
Of course, there’s still the possibility that we won’t even reach the first long zone, but I can’t recommend taking a long position that’s too risky.
$ETH has performed better than BTC and other altcoins during this correction.
However, be careful with long positions. Over the next 30–90 days, I expect the final correction to begin.
If anything changes, I’ll let you know! DO YOUR OWN RESEARCH (DYOR)
As a reminder, I warned about the bullish trap at $82K and the summer drop.
MY NEXT CALL WILL BE THE BIGGEST OF THIS CYCLE.
TURN ON NOTIFICATIONS. MOST PEOPLE WILL FOLLOW TOO LATE.
My local view on #ETH
So far, everything is going according to plan:
1. We broke the wedge pattern and now we’re testing it again
2. Liquidity sweep at $1,804
3. First long zone: $1,720/$1,800
4. Second long zone: $1,744/$1,680
5. Conservative target: $2,000
6. If $BTC reaches $70K/$72K, then the ETH target is $2,100/$2,200
As I mentioned before, $ETH looks stronger than BTC, so in my opinion the probability of reaching the second zone is low.
Of course, there’s still the possibility that we won’t even reach the first long zone, but I can’t recommend taking a long position that’s too risky.
$ETH has performed better than BTC and other altcoins during this correction.
However, be careful with long positions. Over the next 30–90 days, I expect the final correction to begin.
If anything changes, I’ll let you know! DO YOUR OWN RESEARCH (DYOR)
As a reminder, I warned about the bullish trap at $82K and the summer drop.
MY NEXT CALL WILL BE THE BIGGEST OF THIS CYCLE.
TURN ON NOTIFICATIONS. MOST PEOPLE WILL FOLLOW TOO LATE.
