ETH, upgraded, with TP 2222

With a clearly flat structure in the major trend (of the graph), the first target price is 2222.

הערה:

Hi everyone,

One might be curious about the sell-off in the previous candlestick. As shown in the graph

the price reached the 1.236 Fib Proj. However, I still maintain the target at 1.382 Fib Proj, which coincides with the projection of the major correction. One could also consider opening a short position if the price fails to hold at 1970.

Happy Trading!

הערה:

Hi everyone,

Unfortunately, ETH seems not to have reached the 2200 level and has dropped below the uptrend line.
See:

The good news is that it now retraces from 1920 and tries to reach the 2000 level.
See:

With the time constraint from flat structure, one could consider taking a short position if the price is unable to surpass 2000 (which is my current bias) or 2058.