ETH to $2500 Magnet - Boooolish

Mar 11, 2021

Simple enough: Break up with 4 hour close above yellow, we go to green. 4 hour close above green, head towards the 1.618 at $2500. Failure to break up from yellow entails heading back down to the $1650 area for support. Don't want to see us losing the huge support at $1300.

Daily MACD still crossing green. Weekly stochastic RSI bottomed out to around 15 - a level we haven't seen since October. Ethereum is ready to bounce soon and the highs towards the end of this year could potentially be pretty insane. BTC stair-stepping towards 100k along with ETHBTC pumping will make for the perfect storm to exponentially increase the value of ETHUSD.

TP1: $2040
TP2: $2500

Mar 13, 2021

Trade active

Broke falling wedge between March 8-12 with strong 4 hr close. Bitcoin simultaneously broke ATH. Ready to send it to TP1!

Mar 15, 2021

Trade active

So far so good. Holding the line at the 0.618. We want to see it hold this support at $1750 in order to bounce up to TP1. Taking it level by level.

Mar 24, 2021

Note

Rejected by the yellow bar - hit $1650 as expected. No sign of it rebounding just yet. If $1650 doesn't hold, looking for it to drop to $1615 and then $1540.

Weekly, daily, and 12 hr Stoch RSI right on the brink of curving up. One of these supports will hold and we'll be ready for a huge rally.

Apr 15, 2021

Trade closed: target reached

TP1 and TP2 reached, ending a good consolidation period. Trade closed.