ETHUSD prepared for $2300!

2023年6月13日

Ethereum ended its 5-wave Elliott wave in Nov-Dec 2022, and since then has started an uptrend.
Considering the indicators in lower timeframes, it's the beginning of the 3rd impulse wave (1D) targeting $2300, but that wouldn't be the end of the 3rd wave.
It's also slightly possible the price quickly touches the $1650 level first and bounces back.

2023年6月14日

交易進行

Correction continued and touched the 1D MA 200 and the uptrend line at $1640.
$1650 is a major resistance line, the price crossed down the lower Bollinger Bands (1D), and RSI and MACD are oversold on 1D and all hourly timeframes. Looks bullish.

2023年6月22日

交易進行

Going as predicted. Reached the $1900 level quite quickly and broke the downtrend that had started in April.
Don't FOMO, wait for the pullbacks and check indicators on lower time frames to signal buying opportunities.

2023年6月22日

註釋

Keep in mind guys, we were on a long-term uptrend, and now also at the beginning of a short-term uptrend. I'd suggest avoiding positions against the trend - i.e. short positions.

2023年7月4日

交易進行

Temporarily closing my position to be safe. Seeing some weakness in buying pressure on 1h and 4h timeframes. Keeping the trade status active because I'll go long again soon, once there's more certainty.

2023年7月5日

交易進行

The 'play safe' approach worked out well. Started buying back the position gradually at around $1900.

2023年7月6日

註釋

Still in an uptrend with higher highs and higher lows. But resistance around $2,000 is very strong. We might have the chance to buy back at the $1,800 level.

2023年7月6日

註釋

As expected, price decreased. I see bearish H & S formation on 1h and 4h, meaning most likely we will see $1800 soon.

2023年7月7日

註釋

Price dropped and touched $1820. Opened a long position at $1825 and will close it at $1900 - a safe bet.
This is besides the ETH I'm holding for the longer term.

2023年7月10日

註釋

Closed my long position at $1890 (entry price: $1825).
And still holding my spot position (average entry price: $1700).

NFA guys. DYOR.

2023年12月22日

註釋

Took a couple of months, and reached $2300.
I reckon we'll touch higher prices as BTC is preparing for 50k