I think everyone sees this picture perfect monthly double bottom, momentum is bull but Ethereum could possibly consolidate into a bull flag until end of November before confirming the monthly double bottom. A consolidation matches up with big boys vs smaller alt coins (look at my previous VET call). This could propel us towards $800. For risk management purposes, first TP area is $550. I personally wont be taking profits as I got in at a good price at $245 and Ethereum is one of the best long term holds. But I will be keeping an eye on price action and alt coin marketcap to see if this bull season is actually here before I keep my bags.
Not your financial advisor nor a professional trader. Trade at your own risk.
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I wont be doing any leverage trades for this.
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De-fi hype said NO to bull flag. On its way to 550$.
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Price cannot break below 290 or it would break the higher low trend. Kepe an eye on price action at $360, if it stays above there we would be healthy for a consolidation to 550$.
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Consolidating perfectly. As the chart says, I see this consolidating until November. Keep an eye on price action.