ETH.USDT (Y20.P6.E2).Looking from a bullish perspective

Hi All,

I thought I better revisit this after a gym workout, clear the mind and come back to this. Now I see a bullish perspective more so.
I think BTC influenced my negativity on the ALTs as I do see BTC already made the top.

Hence if BTC ranges here for weeks (more likely), which is 50% possible (before it completes a top reversal formation then why would all that momentum just disappear that quickly?
I see these 2 scenarios with the current levels and structure.

FYI, I bought the dip and if it drops to this level now for the bounce, its a classic bullish move so assuming BTC is not capitulating, I am going to buy more at the dip.
I'm not trying to forecast here, but look for leads with certain scenarios....so far its too early.

NOTE: the ABC waves are so far looking good on this structure, compliance.




All the best,

S.SAri

5 min chart

Commentaire:

Potentially, makes sense fitting in the massive triangle.