ETH/USD: Potential +388% Setup - Breakout soon - Multi-Timeframe
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Starting off with HTF we are looking for a strong weekly close above $225 as it reflects our long-term POC (ever since ATH). Followed by a run-up to POC of the recent sell-off at $306 there would be potential to form a range between $269 - $306 before taking off to new yearly highs.
Potential price targets based on liquidity pools: $269-$306-$397-$466-$619-$787-$866-$1047
A break of $169 would indicate a dump to yearly POC lying at $138.
Leverage: 3.5x (Liquidation price: $161)
Make sure to check out the comment/update section regularly for both LTF and HTF analysis.
LTF: Low-timeframe (1m - 15m)
MTF: Mid-timeframe (1h - 4h) (addition: MTF is the term I am using for myself)
HTF: High-timeframe (12h - monthly)
Starting off with HTF we are looking for a strong weekly close above $225 as it reflects our long-term POC (ever since ATH). Followed by a run-up to POC of the recent sell-off at $306 there would be potential to form a range between $269 - $306 before taking off to new yearly highs.
Potential price targets based on liquidity pools: $269-$306-$397-$466-$619-$787-$866-$1047
A break of $169 would indicate a dump to yearly POC lying at $138.
Leverage: 3.5x (Liquidation price: $161)
Make sure to check out the comment/update section regularly for both LTF and HTF analysis.
LTF: Low-timeframe (1m - 15m)
MTF: Mid-timeframe (1h - 4h) (addition: MTF is the term I am using for myself)
HTF: High-timeframe (12h - monthly)
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