ETH: double W with a 2500$ target!
Ethereum looking incredibly bullish with a double W breakout.
INSTITUTIONAL ACCUMILATION BASED ON FUNDAMENTALS
With the mad gains institutional investors have made on stock markets and the current realisation of the crypto potential that is similar to what the internet was in the 90's; they can not get around ETH! Ofcourse its alt season and retail is collecting but Ethereum seems to be moving on a institutional wave with these moves and thats not surprising. The marketcap is quite big to be moved like that by retail alone. And ask yourself the question; if you are an institutional investor and you are starting with crypto, what do you buy? I would say Ethereum would be my first choice because its closest to what institutions know of the stock market. An asset with massive fundamentals for the future of finance and the crypto infrastructure in general. So for sure you put at least 30% of your portfolio in ETH, if not more - especially because ETH still underperformed compared to almost any crypto currency; which by itself is just ridiculous.
MORE ALTS
Check my profile or the links below for the alts that I am currently bullish on, all performed perfectly well and now is the time to do your timing right. For example: THETA and BNB are breaking out now aswell; you want to catch those breaks.
TA
Currently we just formed another W and we havent finished our breakout target of that huge double we formed over the last months with a 2500$ ETH target. The current W pushes in that direction already with 2200$ target. I took a new entry from here as we are clearly holding that EMA ribbon as support and I expect ETH taking charge of this alt season.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
INSTITUTIONAL ACCUMILATION BASED ON FUNDAMENTALS
With the mad gains institutional investors have made on stock markets and the current realisation of the crypto potential that is similar to what the internet was in the 90's; they can not get around ETH! Ofcourse its alt season and retail is collecting but Ethereum seems to be moving on a institutional wave with these moves and thats not surprising. The marketcap is quite big to be moved like that by retail alone. And ask yourself the question; if you are an institutional investor and you are starting with crypto, what do you buy? I would say Ethereum would be my first choice because its closest to what institutions know of the stock market. An asset with massive fundamentals for the future of finance and the crypto infrastructure in general. So for sure you put at least 30% of your portfolio in ETH, if not more - especially because ETH still underperformed compared to almost any crypto currency; which by itself is just ridiculous.
MORE ALTS
Check my profile or the links below for the alts that I am currently bullish on, all performed perfectly well and now is the time to do your timing right. For example: THETA and BNB are breaking out now aswell; you want to catch those breaks.
TA
Currently we just formed another W and we havent finished our breakout target of that huge double we formed over the last months with a 2500$ ETH target. The current W pushes in that direction already with 2200$ target. I took a new entry from here as we are clearly holding that EMA ribbon as support and I expect ETH taking charge of this alt season.
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Note
ETH UPDATE: back above the neckline; very nice reversal; ETH is looking strong! A new ATH is imminent in the next week or two!Note
ETH UPDATE: we have to be patient, BTC is coming down so ETH will aswell hwoever this doesnt mean you have to panic sell. Next week will be a BIG week for crypto!
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.