ETH has increased 25% within three last days. Will it continue with a bigger rally?
Following Wyckoff analysis, its seems that price action is in phase D: consolidation around the higher ranges. If these levels around 1700 holds, another leg up would happen.
Can Shanghai upgrade could be a catalyst for next big move of ETH?
Proposed Targets are in chart
PS: In my previous analysis (cf the link below), a Spring was missing. ETH didn't follow the Accumulation Schematic 2.
Following Wyckoff analysis, its seems that price action is in phase D: consolidation around the higher ranges. If these levels around 1700 holds, another leg up would happen.
Can Shanghai upgrade could be a catalyst for next big move of ETH?
Proposed Targets are in chart
- Target: blues lines for intermediate targets and blue zone for final one
- SL: below the EMA 50D
PS: In my previous analysis (cf the link below), a Spring was missing. ETH didn't follow the Accumulation Schematic 2.
Dagangan ditutup secara manual
Trade closed due to bad macro context (linked to banks)Dagangan aktif
ETH broke the upper resistance (UA level).Nota
+5% but it's just a startNota
ETH did'nt go up much the last day because ETH/BTC has been decreasing.At this moment, ETH/BTC is at support...
It's expected that ETH would go up faster (along with BTC).
Nota
ETH still hold the UA level, around $1715Nota
ETH starts moving up with the whole crypto market.Can it outperform BTC this time?
Dagangan ditutup secara manual
BTC seems to form a double top pattern (on 4H TF). It would have a correction...Dagangan aktif
I re-enter because that ETH hold well the current level and because of the following chart:Nota
ETH's 1W candle broke the current trendline (dashed black line) and retested it. Logically, prices will go to the next upper trendline (around $2400-$2500)Nota
News: ETHEREUM SHANGHAI UPGRADE (MAINNET) ON APRIL 12, 2023Nota
Local consolidation area is being broken out. ETH is ready to take-offNota
Slow but steady moves upside. If nothing bad happens on 12 April (17M of ETH being unlocked tommorrow), ETH would go up faster.
Nota
Shanghai unlock didn't not trigger massive withdraw. ETH is up 4% and outperforms BTC today. Intermediate target 2024 is almost reached.+20% since entry at post's time.
Nota
ETH are leading alcoins, please check my related analysis 
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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.