ETH - Picture Perfect Prediction 
2025-01-31
Category: None

Our prediction from yesterday pre-FOMC has played out perfectly so far. That idea can be found here:


We did not know whether we would breakout or breakdown, but we gave a clear idea of what to watch for for the direction of the next move. 

As Powell was taking questions, ETH broke to the upside. Then once that concluded and the initial move sold off, ETH came down and retested our triangle of old resistance as new support. Now we are seeing the move off that triangle which is getting close to our measured move price target around $3,350. 

This target is also right in line with our solid white upper line (Falling wedge resistance). Would not be surprised to see some sell pressure come in at the top of our macro pattern but as soon as that falling wedge is broken ETH will start its rally to  EUROTLX:4K + 