ETH Bigger Picture (Supplement)
Updated
I posted a bullish idea for ETH early Jan. before it broke out that has hit exactly so far - here is a larger of view of what to expect when previous idea (linked) hits its upper target (which will be initial target for this idea):
Breakout Level was 1561
- Initial Target by mid-Feb. 2023 = 1800-2000
- Then pullback to test support at 1560-1670 by end of March 2023
- If those hit, Target = 2350-2770 by early July 2023 (Point target = 2542)
~Expect big day tomorrow 1/23/23 to the 1700s.
Breakout Level was 1561
- Initial Target by mid-Feb. 2023 = 1800-2000
- Then pullback to test support at 1560-1670 by end of March 2023
- If those hit, Target = 2350-2770 by early July 2023 (Point target = 2542)
~Expect big day tomorrow 1/23/23 to the 1700s.
Note
*Near term bearish*That was likely the extent of the move up, not expecting it to make it to 1800-2000 yet. Expect selling beginning this week that could last til mid Feb. It will get hit to 1300-1400 to test support.
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