ETHEREUM CONSOLIDATING WITH A TWO WEEK TARGET TO POP
March 11, 2021 I shamelessly deleted my bottom ascending trend line on this ETHUSD pairing to adjust for some near-term, bullish, consolidation that is happening. This consolidation is making the price-target higher, but pushing out the timing.
On this 4hour chart, closing candles are holding the 25day moving average, and wicking down to the 40day moving average. I drew that squiggly green arrow for reference only, to help visualize the idea.
I doubled-down my 2X leveraged position last night during the mini consolidation "dip", decreasing my liquidation price. Feels good. I'm currently still "in-the-money".
Now looking at the 2200 - 2700, still, within the next two weeks.
Let's see how this plays out.
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All the best, Happy and safe trading, - Cryptmando March 11, 2021
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