Ethereum Battle Stations!

22 Apr 2018

Just a list of battle stations for Ethereum which can make for good trade opportunities.

I am leaning towards a possible rejection at around 675. But if the bulls continue hitting the buy button, the path to #5 will be within reach too.

Lot of overhead resistance, so be very careful. We can only do so many bull flags in a row, just like we did a certain amount of bear flags then had a reversal.

This chart is for analysis and entertainment purposes only and not financial advice. Good luck all!!

22 Apr 2018

Nota

Why do I think of a possible rejection at 675? This chart explains it:



I view 675 as a key level. If it breaks it, we then look at 740, then 870.

24 Apr 2018

Nota

This is where we are now, if it breaks this level, we will most likely follow the 1-2-3-4-5 pattern.

24 Apr 2018

Nota

Now we are here. I do expect a pullback soon, especially if we go above 700.

25 Apr 2018

Nota

Key level at 626, if it goes below it will be playing like a H&S pattern. Must dodge and find support at 620 to continue going up. I never thought Ethereum would make it to "battle station #5" on my chart, and it hasn't yet. I am betting against it making it there. We also had the 3-4 pattern a bit earlier than I expected.

The goal is to not fall below 620 now, if it doesn't, it should complete the 1-2-3-4-5 wave.

25 Apr 2018

Nota

Not looking good.

26 Apr 2018

Nota

I think these are the most likely cases...

Case 1: Follow previous 1-2-3-4-5 wave with correction.
Price target: 375.

Case 2: Break key ~710 level.
Price target: Potentially 870. Correction still follows but
not as bad as going down to 375.

Keep in mind, at least in my opinion, we still have a head and shoulder to fade. I took it out from this chart.