$ETHUSD - 5 YEAR PROJECTION -
Added 2024-02-11 12:02:09 +0000 UTC$ETH has been moving quite bullish since the bottom in Jun '22 and unlike other cryptos and cryptos movement in the early days where it was erratic and fast moving, the movement since Jun '22 has been slow and steady....almost moving like a Mega Cap.
This is what crypto holders should want to see.....high volatile movements will not attract the masses here, if it's going to become the new Gold, it needs to behave as a store of value.
The 50 and 200 Moving Averages on the weekly chart are also showing a bullish set up, with the 50 MA crossing through the 200 MA now.
I also like how Wave 2 held on the 0.78 Fib at $996.
I have a position here and it accounts for 8% of my total portfolio allocation and this is something I am prepared to hold long term.....this may be a safe haven too when the market corrects this year.
My buy alerts have gone out since breaking above the $2136 level.
Comments
What about btc?
NalaikPanda
2024-02-11 13:44:58 +0000 UTCDone ๐
Federico Salerno
2024-02-11 12:58:23 +0000 UTCJust wondering whether to take profits then and enter back in lower
Johnnyboy
2024-02-11 12:49:45 +0000 UTCAre you still expecting a pull back when it reaches around 2,900?
Johnnyboy
2024-02-11 12:48:33 +0000 UTCI love when things are so easy to understand ๐
Federico Salerno
2024-02-11 12:43:44 +0000 UTCright now
Gareth Neary
2024-02-11 12:22:59 +0000 UTCThanks Gar, is there a buy area that we could identify assuming to have an existing (small) position with a slightly lower average?
Federico Salerno
2024-02-11 12:18:29 +0000 UTC
