Technical analysis by f-73 about Symbol ETH: Buy recommendation (6/24/2022)

Ether ABC correction seems pretty done.We have decent volume on the June 13th weekly candle.Having no clear sign of inversion so far, cannot rule out a further drop closer to 800$ area.Yet scenario is already favourable for a Long trade, in my opinion.* TP #1 1700/1800$ area* TP #2 2500$ area (depends on BTC outcome, to be re-evaluated)Estimated 3-6 months.To be re-evaluated.Another wick down is possible.Mind that. More to come.Watch it now.Still struggling under 1280$.It was about time, Ether.1631$ highD timeframe: rising wedge, high TD count, bearish divergence, falling volume.Crossroad scenario: ETH needs a further impulse soon, or a correction would likely loom. We'll likely know within 2-4 days.Pretty similar picture on BTC.Close, isn't it ?Let's see.Support area down to the 1250$ mark.And bounce back over 1700$.First target area mentioned in OP is finally reached.It took a little more than one month.Enjoy, handle your profit.Watch that pennant/flag.That's the door to 2k for Ethereum, if confirmed.Problem is that if it gets negated -AND- price breaks short term support it may get ugly quick. Volume down and divergences recommend caution.Remember there's no safety net here.At support.Few time left for a 2k attack, from above support..Failing that it's a matter of few days before bears take the initiative.Further sideways or a move on low volume would accelerate the outcome.Trying to breakout.Pretty stretched though.First target reached close to the 1800$ mark.Partial profit taken at 1810$, slightly less than +50%.Zooming out.Pretty tricky, still diverging till 2k is pierced.rejection at 2k, sitting at resistance.Watch it.It's attacking MA20/W, whic is the KEY resistance.If it breaks through, avoiding a further rejection here, t's likely to push towards 2/2,4k area first place.Failed.Now close to the 1400$ area retracement limit i painted on the original chart, albet late. Bids are waiting.First bid filled @1408.Taking back the burden of part of the lots sold above 1800 in august.ETH has a chance to bounce if 1400$ pivot holds.4H:invalidated by loss of 1400$Bid at 1280$ unfilled.Shame.