Steep ascending channel until $880?
ETH pushing it's way into new ATH, but can it reach the psychological $1000 barrier before a noteworthy correction?
Growth channel is quite steep and I think we're close to end of major 3rd wave (dark red) which aligns to 5th wave minor EW set (blue).
Profit targets: My main target will be $880. Will keep part of my position open in case it goes past $1000.
According to EW theory, it may as well retrace all the way back to low 400s, but that's too much I think. Mid 600s is more reasonable. Really depends on how and where it breaches the lower end of parallel channel.I will then re-enter and I expect ETH to bounce back and pierce the $1000 threshold.
Note: these are just my opinions, please don't consider them financial advice.
Growth channel is quite steep and I think we're close to end of major 3rd wave (dark red) which aligns to 5th wave minor EW set (blue).
Profit targets: My main target will be $880. Will keep part of my position open in case it goes past $1000.
According to EW theory, it may as well retrace all the way back to low 400s, but that's too much I think. Mid 600s is more reasonable. Really depends on how and where it breaches the lower end of parallel channel.I will then re-enter and I expect ETH to bounce back and pierce the $1000 threshold.
Note: these are just my opinions, please don't consider them financial advice.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.