ETH, upgraded, with TP 2222

14 Apr 2023

With a clearly flat structure in the major trend (of the graph), the first target price is 2222.

18 Apr 2023

Nota

Hi everyone,

One might be curious about the sell-off in the previous candlestick. As shown in the graph tradingview.com/x/hc0VdMi8, the price reached the 1.236 Fib Proj. However, I still maintain the target at 1.382 Fib Proj, which coincides with the projection of the major correction. One could also consider opening a short position if the price fails to hold at 1970.

Happy Trading!

20 Apr 2023

Nota

Hi everyone,

Unfortunately, ETH seems not to have reached the 2200 level and has dropped below the uptrend line.
See:

The good news is that it now retraces from 1920 and tries to reach the 2000 level.
See:

With the time constraint from flat structure, one could consider taking a short position if the price is unable to surpass 2000 (which is my current bias) or 2058.