With the exception of one All time high, we are seeing an average of 3-5 days in between each high, with a correction/dip usually happening within 1-2 days
We saw a similar situation we are currently in where the all time high is tested but rejected in Jan 19, 24, 29. The big question will be, will the new all time high be broken next time around, or the time after that? With so many outside influencers (Elon Musk, Mark Cuban, Snoope Doge, etc.) I do believe that the next test will be break this all time high.
As we can see the Purple support line is not acting as strong of a support as we would hope and we saw a dip down to the orange support line. Fortunately for me i was able to catch the dip and purchase around the time it was at the orange support line. Since i am bullish on Eth, I dont believe we will have a lower low, so my buy in goal is somewhere between $1,520 and $1,580.
Now when will all this happen? Eth will dip to the 1520-1570 range within the next 48 hours (assuming it follows the same patterns it has been) and then a retest for new all time high will occur 2-3 days after.
Personally, I am betting on the dip to occur Feb 10, and the new all time high to occur Feb 13.
Something else to note: The sell orders between 1770-1800 are stronger/more than the sell orders there were between 1670-1700.
We saw a similar situation we are currently in where the all time high is tested but rejected in Jan 19, 24, 29. The big question will be, will the new all time high be broken next time around, or the time after that? With so many outside influencers (Elon Musk, Mark Cuban, Snoope Doge, etc.) I do believe that the next test will be break this all time high.
As we can see the Purple support line is not acting as strong of a support as we would hope and we saw a dip down to the orange support line. Fortunately for me i was able to catch the dip and purchase around the time it was at the orange support line. Since i am bullish on Eth, I dont believe we will have a lower low, so my buy in goal is somewhere between $1,520 and $1,580.
Now when will all this happen? Eth will dip to the 1520-1570 range within the next 48 hours (assuming it follows the same patterns it has been) and then a retest for new all time high will occur 2-3 days after.
Personally, I am betting on the dip to occur Feb 10, and the new all time high to occur Feb 13.
Something else to note: The sell orders between 1770-1800 are stronger/more than the sell orders there were between 1670-1700.