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Proposing a long term conservative target for Grayscale Ethereum
In this current trajectory, assuming the market is maturing and no significant parabolic run, our next target is about 20% above our current position in the late Feb-March timeframe.
A parabolic run obviously would break out of the current rising wedge. Looking back, our last major push from Ethereum began in the Feb-March timeframe. Seems reasonable to expect the same at that time.
Just postulating... not financial advice. DYOR.
A parabolic run obviously would break out of the current rising wedge. Looking back, our last major push from Ethereum began in the Feb-March timeframe. Seems reasonable to expect the same at that time.
Just postulating... not financial advice. DYOR.
Nota
Obviously we dropped below the rising wedge I had drawn out and are now testing the .618 retracement. With extreme fear setting in, this is a great place to bounce.The risk to the downside would meet the 250-day moving average. That would then push out our timeframe in the area that we expect an ETF announcement (conjecture).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.