Hi all,
I continue with my long-term plans preparing the next bullrun. In the list, I'll add ETH. No need to introduce more about ETH, the second largest crypto in term on market cap.
My plan is directly described in chart where I suppose that ETH's move would fit one of the two scenarios.
- Ascending channel presented by two discontinued rising trendlines
- Wyck-off accumulation schematic presented by the black box
Before the halving (and maybe after if opportunities come), I'll buy ETH when prices are at the lower trendline of the channel or when they deviate from the Wyckoff box. My accumulation areas are highlighted in yellow. In my opinion, it woudl be also a good idea to DCA from higher yellow area down to the lower one.
What do you think about this plan and how's about yours?
Comment:
Let's wait patiently for buying ETH in Accumulation areas
Comment:
I add another analysis on when it would be a good moment to buy ETH. Currently, ETH/BTC pair is in a falling wedge showing that ETH is weaker than BTC.
Comment:
ETH/BTC moved as planned but in my opinion, we need to wait ETH to $1400s area for good prices to accumulate (see the next comment below)
Comment:
I'm waiting both SHORT at the resistance trendline of the local descending channel and start to accumulate ETH at around $1400
Comment:
ETH was rejected by the resistance trendline. It will go to $1700s in short time
Trade closed manually:
ETH broke the resistance trendline. Volume indicators (CMF and MFI) did also.
My view on ETH changes. I think the next big move will start with ETH. I'll update with new chart.
My view on ETH changes. I think the next big move will start with ETH. I'll update with new chart.
