ETH Update Daily TF Sept 28

2022年9月28日

ETH tried to pump with the rest of the crypto market yesterday, getting up +7% only to get rejected @ the BF channel that it broke down from on the 18th.

Things to note:
- 50 turning down (bearish)
- Bearish cross of 21 below 100EMA
- Bearish cross of 9 below 100EMA
- Pumped 7% yesterday only to be rejected @ BF channel

If you missed it, go back & see my post on what happened in April when the 9 crossed below the 100 (NOT GOOD).

Bull targets:
- $1398 re-test BF channel
- 1460ish to test 21/100EMAs
- 1550ish to test LT downward sloping resistance from ATH + 50EMA

Bear targets:
- Test July low as support @ $1,000
- Test June low as support @ $880
- Measured move of bear flag between $300 - $400

Yes, you read that correctly. My macro bottom target for ETH is $300 - 400USD
Think that's crazy? Ppl said the same thing when I told everyone to short the merge. Ppl called me "low IQ" & yet here we are.
Take off the moonboots, pull up a chart, shut out the hype & listen to LeMan.