ETH - A Line in the Sand

2020年9月14日

Eth is at a pivotal moment right now. ETH has reacted off this $400 level a lot of times in the past. We can see how it's used this level as a pivot many times going back.

Currently, ETH has broken back below this line, which is inherently bearish. You could also argue that ETH is forming a head and shoulders pattern right now and we are only just now forming the right should. However we still have a lot of upside pressure in the market which could propel ETH a LOT higher. This is not to be dismissed but watched carefully. I am not saying this up and warrants going long right now. However, I do have a line in the sand.

A break above this $390-$400 area will begin to invalidate a head and shoulders and the downside correction. This will propel ETH a LOT higher.

Conversely, if we DON'T break above, we will see ETH come down to $200 to this mid-range zone here.

My bias is bullish right now.

A break above also means we can go long on ETHE.

Cheers,
-Sherem

2020年9月17日

註釋

i am going to start nibbling ETHE. This is premature as it hasn't confirmed the pop yet but once ETHE gets going, it will start popping, I am ok with riding it out a bit, this is a LONGER term hold, not a TRADE.

ETH looks good

2020年9月17日

註釋

Chart for reference -

2020年10月9日

註釋

Looking more and more primed to bust up from here

2021年2月1日

註釋

Boom.