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Ethereum (ETH) July 2023 Predictions (Public Version)

Updated: Jun 28, 2023



  • Month’s Theme: A fast, sudden move higher. There’s also a significant opportunity before a sharp decline, but the overall trend will be to the upside.


  • Behavior Around the High: Three crisscrosses back and forth through the same price level confirming a bullish trend.


  • Behavior Around the Low: Sideways rotation along a key support level on a one-month scale. That rotation ends with a fast, sudden move higher.



Overview


On the 1st, we’ll have three pokes through the same price level followed by a sharp drop after the third poke. On the 2nd, there’s a sideways S-formation that forms within a channel. On the 3rd, we’ll have some trade opportunities and some sideways rotation along a support level and we’ll increase with bullish momentum as we move forward in time. On the 4th, we’ll have a trough early in the day and toward the end of the day we’ll have a notable decline down to and through support. We’ll meet a second support level and then meet a secondary support and rotate along that price level. On the 5th, we’ll meet a lower price level and have a trough early in the day. We’ll have a higher trough on the cusp of the 5th and the 6th with some sideways rotation along a key support level. There’s a sharp drop within that sideways rotation. There’s also some sideways rotation on the 7th with another notable drop within that sideways rotation.


On the 8th, we’ll have a U-shaped dip that forms around the intersection of two perpendicular diagonal trend lines. There’s a crest early in the day on the 9th followed by a sharp drop and a prominent move higher on the 10th. We’ll then have a full retracement of that move higher. That’s followed by a sharp drop. On the 11th, we’ll have another prominent trough for the month. There may be another lowest low for the month toward the end of the day on the 11th. On the 12th, we’ll have some sideways fluidity with equal amounts of bulls and bears trading. On the 13th, there’s a prominent move higher where we successfully turn resistance into a new support level. On the 14th, that rally ends with a sharp drop.


On the 15th, there’s a lot of price change. On the 16th, there’s a prominent peak and a sharp drop off of that peak. On the 17th, there’s a new prominent low for the month. That’s followed by a big move to the upside to reach for a distant resistance level. On the 18th, we’ll likely continue to rally to the upside. There’s a lot of price change on the 19th and a prominent crest or peak for the month midday. We’ll move to the downside from that crest or peak. On the 20th, there’s sideways rotation and an attempt to establish support. On the 21st, there’s a prominent trough for the month. We’ll also bump up along resistance and possibly break through resistance.


On the 22nd, there’s another prominent trough. We’ll establish support with some sideways rotation. That’s followed by a big move higher on a multi-day chart out of that trough. That move higher will take us into a crest on the 23rd. We’ll sell off from that crest down to and through support and then do a U-shaped reversal and then come back up to reuse it as support. On the 24th, there’s a period of volatility that ends with a fast, sudden move higher. That move higher takes us into a trade opportunity on the 25th. At that point, there’s a sharp decline for the month. On the 26th, there’s an attempt to break through key resistance followed by a decline through key support. On the 27th, there’s another prominent trough for the month. On the 28th, that decline continues but it offers an opportunity. On the 29th, there’s a sideways-fluctuating rally that precedes a decline. On the 30th, there’s a failed attempt to break through key resistance and a decline through key support. There’s another strong decline on the 31st.



Sneak Preview


In August, we’ll push the upper end of a range higher.







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