The Long Investor
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$ETH
🕑 Added 2025-05-14 11:47:23 +0000 UTCThis beast has not only burst through the 200 WMA at $2400 but has now hit the 200 Day MA at $2700 in this bounce.
This is +100% gain since its low at the end of April.
And another of example of what happens when a strong position is in a deep oversold state and below its 200 WMA.
It is difficult to call whether or not this Wave 1 is complete because on the daily chart here, it is hard to see 5 waves but arguably on the 1hr chart I can.
So we need to be open to the possibility that Wave 1 is not complete yet.....but rejecting at the 200 Day MA at $2700 would be the perfect spot to pull back for Wave 2 (as shown)
I know many will want to add here after being convinced that $ETH can move strong, so adding when the price pulls back for Wave 2 makes sense around $2000, until then it's time to wait.
I really like how the Wave 3 target aligns with the previous high at $4100 at the 1.618 Fib.....a level I believe $ETH will have no issue returning too, a position I have not changed on.
Comments
Clint M
$5400 in 2025 could potentially make me shed multiple tears LOL
DR28
Check out BORG. Native token of SwissBorg. Promising TA and fundamentals
safoo
Amazing.
Magopool
This is also fueled by USD weakness
Chubsters
Seeing how ETH acted as an undervalued stock has me excited for NKE + AMD
