Do repost and rate:
Epistemological status: MFW US gets closer to November 2nd
Mood: DeFi
Ether positioning through mid-October, not financial advice:
- ~5% parabolic move to $680/$800 heavy resistance area, unlikely, needs a BTC run + good news from the ETH2.0 phase testnet + continued DeFi buzz
- ~10% rapid appreciation to $550-700$ - no bad news, continued macro flight from fiat and steady BTC
- ~45% steady upward drift establishing $405-$420 as support and $500-$550 as new resistance
- ~25% continued ranging between $375/$440 in existing channel
- ~10% re-tracement to $320/$360 area due to macro risk-off & bad testnet fallout
- ~5% trip to goblin-town, AKA major $250 support area--unlikely, would require macro risk-off to be compounded by severe BTC dumps
Bias remains positive, but leverage continues to strike as a bad move.
Maintain all liquidation points under $250.
If August monthly closes > $450, we have a solid bull confirmation & possible rotations from BTC into ETH.
We out here, folks. The fact that you're reading this means you're already winning. Don't mess up.
