I support the bears on ETH currently - Dump and then Pump
Hello All!
Ethereum hit a key level on my charts that is typical of a pullback.
Oscillators are showing a bearish divergence on larger time frames.
ETH is also in what I think is a Rising Wedge.
I expect approximately up to a 44% drop in ETH based upon the rising wedge.
Buy in the Low to Mid 700's IMO.
After the dump, I think that ETH could possibly pump to 2140ish, and maybe even ultimately 3250ish.
Cheers to Project Syndicate for having the courage to be bearish as I am on ETH now, too. They also see this as a rising wedge.
This could be a great opportunity if it all plays out!
As always this is NOT financial advice, PLEASE make your own assessment and ALWAYS use a stop/loss!
Thank you!
Ethereum hit a key level on my charts that is typical of a pullback.
Oscillators are showing a bearish divergence on larger time frames.
ETH is also in what I think is a Rising Wedge.
I expect approximately up to a 44% drop in ETH based upon the rising wedge.
Buy in the Low to Mid 700's IMO.
After the dump, I think that ETH could possibly pump to 2140ish, and maybe even ultimately 3250ish.
Cheers to Project Syndicate for having the courage to be bearish as I am on ETH now, too. They also see this as a rising wedge.
This could be a great opportunity if it all plays out!
As always this is NOT financial advice, PLEASE make your own assessment and ALWAYS use a stop/loss!
Thank you!
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1500 Broken, this is playing out as an ascending triangle. Please trade accordingly. Thank you!