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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: sandeep who wrote (94886)9/11/2025 1:37:29 PM
From: ajtj99  Read Replies (1) of 97558
 
The monthly chart read is that Ethereum has formed a bullish ascending triangle. I gave that target about a week ago. However, there are caveats:

1. The triangle could continue consolidating in a range for months or even years.
2. Price could drop to around $2,300 and the monthly triangle read would remain bullish.
3. Price could drop to $880 and still remain in a bullish rectangle with the same overhead target.
4. Price could drop below $880 and invalidate the bullish scenario. This outcome is probably only around a 5% probability.

5. The risk/reward at the current level is only about 1.2:1 towards being long, which is below the minimum of 2:1 I prefer in a long position. Ideally, I prefer a 4:1 risk/reward ratio or more.
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