Dad of 5 โข Dev โข Crypto class of 2019 โข Candlestick Whisperer โข Demystifier of Squiggles โข Creator of the #MulletPortfolio# โข Follower of Christ โ๏ธ
I believe ethereum:native will outperform the NASDAQ by multiples over the coming years.
One of the most bullish pairs charts I'm tracking right now is ETH/QQQ. There's an extremely large, well defined bullish pinbar on the 4M chart that formed directly off the bottom of the current channel and managed to close above key resistance of 3.33. In addition to that, this has also set up another macro higher low from the 2017 and 2020 major lows.
Even more interesting is if ETH/QQQ managed to close the year anywhere between 5 and 7, that would form an Inside Bar / Pin Bar continuation pattern on the yearly chart, which is just insane and something I have almost never seen. That type of setup would keep me long ETH more years than I am expecting and could be pointing to price targets well beyond the 20k levels I'm tracking right now. But there's a lot that can happen between now and Dec 31st, so one step at a time.
The first major test will come @ 7 which is channel resistance. A 2x from here. Once it breaks through that level is when I expect things to really heat up. Everything until then is just the appetizer.