Well, that global market crash on August 5 hit $ETH badly and we lost the $2.8k Support violating the parabola curve.
However, my Fib horizontals did a great job - 0.618 Fib held the body of the weekly candle & 0.5 Fib caught the wick đ
And we have the Key Multi-year Support line that keeps me pretty bullish on #ETH đ
đĄ IMO the low is in, $2500-2100 is unbreachable Support Cluster. I still think weâre gonna have a glorious rally soon but first we may have to consolidate around the 0.618 Fib level & MA100 for a few weeks
I think weâre completing Wave 4 right now, which means weâll definitely break out of this chopsolidation and rally into the cycle top đ
đŻ My target for Wave 5 is the confluence of 1.618 Fib & the Top of the Channel - $95-100k (December-March)
Once that target is reached, I will be waiting for Rejection and the first wave (A) of the Bear Market đ Temporary low should be in Summer 2025. Dead Cat Bounce (B) - September-December. And the most painful wave - Wave C should take up the entire 2026. Target $23-25k đŻ
_ These are just my expectations. I try to be conservative here and not give you crazy $250-500k or $1M targets. This scenario may be invalidated if the macro economic picture changes dramatically and $BTC breaks out of this multi-year channel to the upside. In that case we can start talking about $170-200k #BTC
Well, the orange Horizontal didnât hold and $DOT tested the Fork line (prior resistance) for support
No changes in my plan, I still think this is just one big Accumulation at the bottom. However, the chances of hitting my Target 3 have decreased.
đŻ Target 1 ($24) remains (30% sell) đŻ Target 2 ($35-45) can be the Bull Market Top (this is where Iâm planning to sell most of my $DOT position)
The Dubai Court of First Instance has officially recognized the legality of using cryptocurrency for salary payments in employment contracts. The case stems from a lawsuit filed by an employee for unpaid wages, involving 5,250 ecowatt tokens that were not paid for 6 months. The court recognized the cryptocurrency as a legal form of remuneration based on Article 912 of the UAE Civil Transactions Law and Federal Decree No. 33 of 2021.
B3 gaming chain is taking the web3 scene by a storm and this is how they did it:
âą having great launch partners like #YieldGuild âą partnered with some of the top games like #ParallelTCG âą partnered with upcoming protocol like #playgoatgaming âą sponsored events in upcoming conferences like KBW, Token2049 and more
This is just the beginning of their launch and I forsee them announcing some new games building on them soon.