Ualifi Araújo
--
Bullish
(1) This post is part of a set of 6 posts that complete each other.
Truly extraordinary what #ETH has been doing, since our last chart we have advanced very quickly and of course, we have brought relief to all the smaller altcoins. As I always say here, ETHEREUM needs to lead the Altcoins for an Altseason, and that is what it is doing at this moment.
Notice here that I mentioned $4k as something that would be broken this time, unlike other times when we faced extreme difficulty and were quickly rejected there, we were right here.
The daily and weekly chart of this is really amazing and optimistic, note that most analysts were calling for another rejection at $4K, which they were obviously wrong about. However, the $4K is still very fundamental here, we need to form a support in this current region so that in the coming weeks we can have an even faster advancement.
Again, I will warn here:
I see many people clinging to the fact that we are very hot on the RSI, but do not be fooled... things can remain very hot for some time even with the price being very high, and we do not necessarily have to have a drop here before we go to $4,800K, and in any case, the $4K should act as support here. (I talked about this in the last analysis and we were right all along).
I called for $6K when most were calling for $1,800K, so let's move on to the next step...
IN MY OPINION, the $4,800K will be the big trigger for the smaller Altcoins, in that region is where we should see the market react upwards quickly and obviously the Altcoins will break their existing downward structures.
The short-term target that I am still closely monitoring is $6K, but even more importantly is before that, I would like to see some consolidation and some cuts on both sides above $4.8K before we continue.
The 50/100/200 EMAs (D) look extremely optimistic and are just at the beginning of the upward movement.
Look at this chart with others (to be posted), and you will notice that we are ready!
$6K soon!
Truly extraordinary what #ETH has been doing, since our last chart we have advanced very quickly and of course, we have brought relief to all the smaller altcoins. As I always say here, ETHEREUM needs to lead the Altcoins for an Altseason, and that is what it is doing at this moment.
Notice here that I mentioned $4k as something that would be broken this time, unlike other times when we faced extreme difficulty and were quickly rejected there, we were right here.
The daily and weekly chart of this is really amazing and optimistic, note that most analysts were calling for another rejection at $4K, which they were obviously wrong about. However, the $4K is still very fundamental here, we need to form a support in this current region so that in the coming weeks we can have an even faster advancement.
Again, I will warn here:
I see many people clinging to the fact that we are very hot on the RSI, but do not be fooled... things can remain very hot for some time even with the price being very high, and we do not necessarily have to have a drop here before we go to $4,800K, and in any case, the $4K should act as support here. (I talked about this in the last analysis and we were right all along).
I called for $6K when most were calling for $1,800K, so let's move on to the next step...
IN MY OPINION, the $4,800K will be the big trigger for the smaller Altcoins, in that region is where we should see the market react upwards quickly and obviously the Altcoins will break their existing downward structures.
The short-term target that I am still closely monitoring is $6K, but even more importantly is before that, I would like to see some consolidation and some cuts on both sides above $4.8K before we continue.
The 50/100/200 EMAs (D) look extremely optimistic and are just at the beginning of the upward movement.
Look at this chart with others (to be posted), and you will notice that we are ready!
$6K soon!
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ETH
4,280.66
+1.78%