Another breakout below long-term trendline sends us under 2k and back towards triangular support.
This provides an opportunity at either a consolidated or double-bottom recovery with expected neckline/resistance at 2100.
Considering that we're still holding under 2k bottom recovery could also dip further towards the prior 1900 mark and still be considered valid imo.
Also just a reminder that other than the few trades I've posted I still hold all my
ETH and haven't sold over these past few days.
I believe price remains relatively high given the volatility and growth span since 2020 but I don't expect it to drop back to those levels (300-700) in the end.
I stated earlier that there's potential for 1k with buffer at 750-1150 but that's still considered an extreme.
We've already touched off the next LT trendline as a low and current ST volatility has been high so there's a good chance we could reverse here, even if it's just a ST pump.
This provides an opportunity at either a consolidated or double-bottom recovery with expected neckline/resistance at 2100.
Considering that we're still holding under 2k bottom recovery could also dip further towards the prior 1900 mark and still be considered valid imo.
Also just a reminder that other than the few trades I've posted I still hold all my
ETH and haven't sold over these past few days.I believe price remains relatively high given the volatility and growth span since 2020 but I don't expect it to drop back to those levels (300-700) in the end.
I stated earlier that there's potential for 1k with buffer at 750-1150 but that's still considered an extreme.
We've already touched off the next LT trendline as a low and current ST volatility has been high so there's a good chance we could reverse here, even if it's just a ST pump.
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