Helical_Trades

ETH/USDT : Where to buy ETH for LONG-TERM hold ?

BINANCE:ETHUSDT   Ethereum / TetherUS
ETHUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !

On my last analyze on #ETH I called the fake breakdown below falling wedge and mentioned my buy zone; Which gave us 15% solid profit.
Now #ETH is moving into a S/R zone, So commonly we have to wait for a pull-back confirmation and buy the mid-term dip to take advantage..

But there will be some terms to play with !
- Firstly in any point for Long-Term I would recommend to wait for $1700 or $2150 to get retested before any major adding into your holding bag.
- In second page; I would like to mention that the current drop, can raise the possibility for ALTs to suffer again, Cause the current support zone have to hold and in any case of drop; BTC's dominance needs to dominate the ALTs again and it will end up into another huge drop for most of the mid-cap and high-cap ALTs; So I'll targeting $1400 - $1200 in any case of breakdown below current support zone !
- At-last we could have a relief before any leg-down into our long-term buy zones, But how can we detect it ? Follow my lead to continue our analyze dipper into ETH/BTC's chart 👇🏼


📚 There's a possible 20% relief if ETH manage to hold above the current Daily Demand on BTC's pair :
The daily range #ETH has reached a Daily Demand here and it could support the dominance for major ALTs such as $ETH - $LUNA - $ADA - $BNB and.. (Top 15 except meme coins and stable coins)
Also We can point that #ETH has sweep the MSB on (0.070000 Sats) already and it's forming a S/D strategy from current Demand into the higher Supply zone !
Have to mention that we had the same fractal on August 2021...
Based on the data we have, There will be a accumulation phase for BTC' price between $37K - $30K which give us this opportunity to take advantage on some of the ALTs rally.
- But in any case of drop below Demand, We might face any drop session into 30K; Which gave us this opportunity to fill our bags for long-term run !

📑 Conclusion :
There're two scenarios for #ETH :
- Major scenario is suggesting to wait for our possible dips into $2150 and $1700 or even lower at $1400 to plan our buy setups for investing into long-term run.
- The secondary plan is based on a swing trade for maximum 25% profit, If we got the pullback from the rate of #ETH on Demand zone ( ETH/BTC's chart ).

Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades

📌 Have to thanks @Rektproof, Who shared his Range strategy and helped me so much to build my own vision into further possibilities...

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