ETH - A Line in the Sand

14 сент. 2020 г.

Eth is at a pivotal moment right now. ETH has reacted off this $400 level a lot of times in the past. We can see how it's used this level as a pivot many times going back.

Currently, ETH has broken back below this line, which is inherently bearish. You could also argue that ETH is forming a head and shoulders pattern right now and we are only just now forming the right should. However we still have a lot of upside pressure in the market which could propel ETH a LOT higher. This is not to be dismissed but watched carefully. I am not saying this up and warrants going long right now. However, I do have a line in the sand.

A break above this $390-$400 area will begin to invalidate a head and shoulders and the downside correction. This will propel ETH a LOT higher.

Conversely, if we DON'T break above, we will see ETH come down to $200 to this mid-range zone here.

My bias is bullish right now.

A break above also means we can go long on ETHE.

Cheers,
-Sherem

17 сент. 2020 г.

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i am going to start nibbling ETHE. This is premature as it hasn't confirmed the pop yet but once ETHE gets going, it will start popping, I am ok with riding it out a bit, this is a LONGER term hold, not a TRADE.

ETH looks good

17 сент. 2020 г.

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Chart for reference -

9 окт. 2020 г.

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Looking more and more primed to bust up from here

1 февр. 2021 г.

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Boom.