Ethereum Battle Stations!

22 באפר׳ 2018

Just a list of battle stations for Ethereum which can make for good trade opportunities.

I am leaning towards a possible rejection at around 675. But if the bulls continue hitting the buy button, the path to #5 will be within reach too.

Lot of overhead resistance, so be very careful. We can only do so many bull flags in a row, just like we did a certain amount of bear flags then had a reversal.

This chart is for analysis and entertainment purposes only and not financial advice. Good luck all!!

22 באפר׳ 2018

הערה

Why do I think of a possible rejection at 675? This chart explains it:



I view 675 as a key level. If it breaks it, we then look at 740, then 870.

24 באפר׳ 2018

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This is where we are now, if it breaks this level, we will most likely follow the 1-2-3-4-5 pattern.

24 באפר׳ 2018

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Now we are here. I do expect a pullback soon, especially if we go above 700.

25 באפר׳ 2018

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Key level at 626, if it goes below it will be playing like a H&S pattern. Must dodge and find support at 620 to continue going up. I never thought Ethereum would make it to "battle station #5" on my chart, and it hasn't yet. I am betting against it making it there. We also had the 3-4 pattern a bit earlier than I expected.

The goal is to not fall below 620 now, if it doesn't, it should complete the 1-2-3-4-5 wave.

25 באפר׳ 2018

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Not looking good.

26 באפר׳ 2018

הערה

I think these are the most likely cases...

Case 1: Follow previous 1-2-3-4-5 wave with correction.
Price target: 375.

Case 2: Break key ~710 level.
Price target: Potentially 870. Correction still follows but
not as bad as going down to 375.

Keep in mind, at least in my opinion, we still have a head and shoulder to fade. I took it out from this chart.