ETHEREUM PERSONAL ANALYSIS IN THE SHORT TERM (MINOTAURS!?!?)
Aggiornato
The total evaluation for the Ethereum asset is bearish. Please be mindful of the risks you are taking, managing these risks are absolute number 1 priority and the second one is your risk tolerance. A lot of people are really good at calculating, but they are either too much of a wuss or too much of rooster so keep yourself in check always. Be neutral.
---------
Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change.
Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support.
--------
Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment:
Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context.
--
Like the chart? Comment on it! Boost it, like it, share it -- the chart is completely yours! :D
---------
Data shows for ETH from the charts has a great projection point towards the 1720$ region where it will be rejected to a maximum of 1800$ on the weekly 20 DAY moving average. I expect further upside after a backtest around 1,580-1,620$ for proper market structure purposes and to serve as a 2nd entry point for those that have not joined the miniscule trend change.
Take note that the SP500 and the NASDAQ are on their retracement potentials since they are now sitting on the previous support we had months ago for a probable double bottom, but it will be rejected after a temporary upside retracement touching the 20 day moving average before plummeting through the 2021 support.
--------
Probabilities of ETH reaching price points based on market structure, fundamentals and sentiment:
- ETH has a 80% chance to reach 1,680$ with a 20% chance of a re-test down to 1,520-1,580$
- ETH has a 65% chance to reach 1,720$ via volume splurge with a 35% of re-testing the previous support, 1,580-1,620$, same failure rate.
- ETH has a 35% chance of reaching 1,800$-1,820$ without re-tests and 65% chance of re-testing 1,680$-1,720$ after visiting that level. This works the same odds with failure rate.
- ETH has a 20% chance of reaching 1,920$ without re-tests and a 80% chance of a price failure or re-test of lower levels.
- ETH has a 10% chance of reaching 2,080$ without re-tests and a 90% chance of a price failure or re-test of lower levels.
- ETH has a 1% chance of reaching 2,200-2,400$ without re-tests via manipulation pump and a 99% chance of distribution (sell wall).
Probabilities are gathered statistically on the basis of 1H-8H Candles dating back since 2021 for better context.
--
Like the chart? Comment on it! Boost it, like it, share it -- the chart is completely yours! :D
Trade attivo
Trade is active from 1,590$ Long with x10 leverage set a break-even to TP first on 1,680$ and then 1,720. If price fails to reach 1,720, TP level is set to 1,660$Ordine annullato
Profits taken at 1,669$. Will wait until 1,600$ to long.Ordine annullato
No positions will be opened at this range. Strong selling pressure is capable of going back even lower.Trade chiuso manualmente
No longs, opened short at 1,540$. Will TP around 1,280-1,320 and 1,000$.Trade attivo
Initial short taken TP at 1519$.Entered long around 1,572$ - Will take profit around 1,680-1,720$.
Ordine annullato
TP taken at 1637$. Closed long.Trade attivo
Started short 1,635$ to tp around 1,550-1,580$ at 10x leverage.Trade attivo
Stopped at out break-even after dropping to 1610$ and triggering stop loss.Limit order triggered on long at 1,636$ to take TP around 1,720$.
Trade chiuso manualmente
Profits taken around 1,770$. No more positions since ETH is showing relatively bearish price action compared to BTC and SOL.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.