ETH - Neutral to Bullish

2024年7月28日

ETH - Neutral to bullish. I'm expecting some choppy sideways action until the ETF's get rolling. A good buy point for new entrants into this trade would be at 2816. I'm thinking if we get to that point, that will be the turnaround for a nice hard move up as ETF's are still selling right now. ETH can very well hold at this level too, since we are at key MA's before continuing upward but we can easily hold around 3,200 as well based on MA's and the trend. So short term, I can see a normal pullback and if that happens, I'll be looking for a nice "W" pattern to play out. I'll be looking for TP levels of 3,900 to 4,000 and timeline would be weeks to months on this one. Invalidation would be if we do not hold around the 2,800 level.

2024年8月1日

註釋

Trimmed this position today based on bearish divergence for the short-term. Will be looking to tag back in lower.