ETH - Breaking Out Into Phase 2 of The Path To Altseason
Ethereum is closing a very strong week here and as I have already covered with my clients now appears to be in prime position to begin its period of market dominance known as:
"Phase 2" of the "Path To Altseaon."
Notice that ETH.D is just below the June low and so this is an area of higher liquidity ripe for a reversal.
Also it is in a 1:1 Golden Window from the thrust candle top of distribution, which further increases the chance of a reversal.
And that appears to complete a long term 3 wave correction.
...
So far ETH hasn't performed as strongly as in previous market cycles...
But even with the wild selling climax of August, it only retraced back to the log 0.382 ratio.
That is a shallow and bullish ratio.
Notice also that it tidily wicked into support and the demand line, but never threatened to break through.
Those were ideal buy points.
And the strong recoveries from these areas were a show of strength.
So now comes the best buy point with momentum because this is an extremely strong weekly close in a few minutes.
Its been a very sleepy phase but that's about to change in a hurry.
Up and up from here 👨🚀🚀.
Not advice.
"Phase 2" of the "Path To Altseaon."
Notice that ETH.D is just below the June low and so this is an area of higher liquidity ripe for a reversal.
Also it is in a 1:1 Golden Window from the thrust candle top of distribution, which further increases the chance of a reversal.
And that appears to complete a long term 3 wave correction.
...
So far ETH hasn't performed as strongly as in previous market cycles...
But even with the wild selling climax of August, it only retraced back to the log 0.382 ratio.
That is a shallow and bullish ratio.
Notice also that it tidily wicked into support and the demand line, but never threatened to break through.
Those were ideal buy points.
And the strong recoveries from these areas were a show of strength.
So now comes the best buy point with momentum because this is an extremely strong weekly close in a few minutes.
Its been a very sleepy phase but that's about to change in a hurry.
Up and up from here 👨🚀🚀.
Not advice.
Trade attivo
BOOST if you like this 🚀.
COMMENT if you like this or even if you don't 🤠.
Nota
ETH is slumping as part of an all market correction. Note S&P Gold also dumping today. It won't make any difference in the end.Nota
Holding firm after first wave up albeit with ETH.D falling against Bitcoin.
Once Bitcoin cools off then we may see ETH Dominance rise again
But ETH looking very strong against fiat here - much more to come 👍.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Pubblicazioni correlate
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.