COINBASE:ETHUSD As we can see currently as an intra-week trend we are headed downwards after the break from the megaphone downwards.
Why will it go up?

First, let’s start with the technical analysis . We have been sitting in the 2/1 gan fan for some time now meaning that the bear momentum is dying. we may go down some more but it is mostly moving sideways. Upon moving into the 3/1 area, the bulls will begin to take control. The RSI is almost oversold on the daily and 4 hours and is also constantly showing a bullish divergence .

overall for the next few months, I am bullish as you can see we are in a falling wedge on the weekly. If we hit the triple bottom we may break the falling wedge and head to the top of it. where will bounce back down test a newly flipped support around, and continue upwards to a new high and possibly beyond, but finding the top will require more data closer to that time period.

Fundamentals.
ETH is changing from proof of work to proof of stake this summer in the second quarter, quite possibly the third quarter, expect turbulence if the latter is true as the market will throw a tantrum if the latter is true. Inflation is up tremendously and is expected to continue rising, even as the Fed increases rates. The overall market is in decline, and the average recession goes from about 6 months to a maximum of 18 months historically. that being said, alternative assets usually do well in these conditions. so the outlook for crypto could be positive.

Trading plan
As of right now, my buying plan is this for the coming months
2660 +- 40 —–> 5000 +- 200 = around 2500 profit p/eth
4000 +- 300 ——–> 6400 OBO = around 2400 profit p/eth
and if market conditions exist for analysts’ 10k prediction to come true pending more data
5400 +- 300 ——> 9700 +- 300 = around 4300 profit per eth
expected profit 6-month time frame = 4900 profit per eth
possible 9-month profit pending positive market conditions and volume = 9200 per eth

take scenario of having one eth
2600 = 1
sell @ $5000
buy @ 4000 = 1.25 eth
sell @ 6400 = $8000
buy @ 5400 = 1.48 eth
sell @ 9700 = $14370
2660 —–> 14370 = profit of $11710 per Eth
Then buy again after the price breakdown. These numbers are not set in stone nor is this financial advice, just merely speculation and follow my general annual trading plans for crypto assets. it does show however that one can stretch a small investment into larger gains. Trade safe and trade on longer periods of time. will update regularly with adjusted price targets and when I enter and exit markets. this post is mostly going to be a journal entry for my own record keeping.

-The manager at the soup kitchen