Posts

Crypto Analysis | ETH Ready to Take Off...

avatar of @tobetada
25
@tobetada
·
·
0 views
·
2 min read

Good day Hiveians!

Join me in analyzing the crypto markets!

 

ETH is going to 4-5k rather sooner than later based on my TA.

...and looking at the charts the rocket is about to launch...

This is from 2 weeks back, just before price went to 1.7k, notice the wedge in which price has been moving in. In a bull market this is a clear indicator of a coming breakout to the top.

Compare it with the current chart. Once again we are in a wedge that has run out of room... If you are good at looking charts you might also spot the fractal from January and the one from the last 2 weeks. In the earlier one we had 4 peaks, the current one has three, so there might be one more to go. This is what I indicated with the arrows. It is either that - about a 5% correction - or straight up to all time highs.

While it might seem like a high target, the past cycle has made a small bounce at the equivalent range of 4-5k in this cycle, before going much higher still...

And if the past can be relied on, it should happen fast; in about the next 3-5 weeks. Are you riding the wave with me? :)

 


As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Check out the Love The Clouds Community if you share the love for clouds!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Posted Using LeoFinance Beta