โ ๐๐. 
ETH Macro analysis update...
๐ ๐๐ค๐ฃ๐ ๐ฉ๐๐ง๐ข outlook remains unchanged and recent price action printing a doji. Target is still $7k for this cycle.
๐ ๐๐๐ค๐ง๐ฉ ๐ฉ๐๐ง๐ข outlook has investors looking lower towards the $1900 target but this isn't guaranteed to be reached and price action may front tat $2200.
War escalation's and retail selling are keeping price suppressed. ETF inflows and staking continue to grow!
The time for patience continues. Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement
๐๐๐๐๐ฃ๐๐๐๐ก ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ
Price is consolidating at its recent highs. Consolidation under resistance has high probability of breaking out, the longer it remains the higher the probability.
Elliot Wave (EW) analysis suggests a motif wave ended at the $2700 resistance, with a wave 2 retracement underway, likely a shallow one.
Safe trading
ETH Macro analysis update...๐ ๐๐ค๐ฃ๐ ๐ฉ๐๐ง๐ข outlook remains unchanged and recent price action printing a doji. Target is still $7k for this cycle.
๐ ๐๐๐ค๐ง๐ฉ ๐ฉ๐๐ง๐ข outlook has investors looking lower towards the $1900 target but this isn't guaranteed to be reached and price action may front tat $2200.
War escalation's and retail selling are keeping price suppressed. ETF inflows and staking continue to grow!
The time for patience continues. Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement
๐๐๐๐๐ฃ๐๐๐๐ก ๐ผ๐ฃ๐๐ก๐ฎ๐จ๐๐จ
Price is consolidating at its recent highs. Consolidation under resistance has high probability of breaking out, the longer it remains the higher the probability.
Elliot Wave (EW) analysis suggests a motif wave ended at the $2700 resistance, with a wave 2 retracement underway, likely a shallow one.
Safe trading
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
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.
MSc Financial Econ
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
PhD Candidate: Investing & Social Mood
Technical Analyst 7 years
Trader / Investor 14 years
Free DeTrended Metrics Report: detrended.substack.com
Members Only Signals: tradesignals.substack.com
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.