ETH: Bullish pattern inside a bullish pattern, in a bull cycle..
Lets take a closer look at ETH from all perspective:
- We are in a bull cycle, but news/community and media is quite negative about ETH, concerns on ETH foundation, volumes dropping, fear of SOL being the replacement for ETH etc. This all sounds to me as, you should do opposite of what the crowd says, as the herd always gets slaughtered. So people are screaming its over for ETH it might just be the start of the wave for ETH.
- We are in a bull cycle, maybe just last legs of it, but we are not going for Bear market yet, I think BTC and the general market will make another move as soon as the Trump administration makes a bullish headline for crypto in general after inauguration, everybody thought he would say something during the ceremony but lets wait, ETH has always been the last one to move at the end of the cycle, so we still got time.
- Patterns: Inverse Head and Shoulders pattern as you can see which is a bullish pattern, and if you look at the formulation of the last shoulder, you can see a Falling Wedge pattern which is another bullish signal.
- EWO: Closing red waves, which means a green one is about to start
- 1W RSI: Looking to flip up, which is a bullish sign but not confirmed.
Two scenarios:
- We go to below 3k levels around 2.8k, before we pump
- We pump to start of February, going sideways or a little bit closer to 3k levels then now
Sit and watch
- We are in a bull cycle, but news/community and media is quite negative about ETH, concerns on ETH foundation, volumes dropping, fear of SOL being the replacement for ETH etc. This all sounds to me as, you should do opposite of what the crowd says, as the herd always gets slaughtered. So people are screaming its over for ETH it might just be the start of the wave for ETH.
- We are in a bull cycle, maybe just last legs of it, but we are not going for Bear market yet, I think BTC and the general market will make another move as soon as the Trump administration makes a bullish headline for crypto in general after inauguration, everybody thought he would say something during the ceremony but lets wait, ETH has always been the last one to move at the end of the cycle, so we still got time.
- Patterns: Inverse Head and Shoulders pattern as you can see which is a bullish pattern, and if you look at the formulation of the last shoulder, you can see a Falling Wedge pattern which is another bullish signal.
- EWO: Closing red waves, which means a green one is about to start
- 1W RSI: Looking to flip up, which is a bullish sign but not confirmed.
Two scenarios:
- We go to below 3k levels around 2.8k, before we pump
- We pump to start of February, going sideways or a little bit closer to 3k levels then now
Sit and watch
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