Hey folks. I hope you are doing well. This is my Current plan on Eth.

I would like to state that I'm very Bullish on Ethereum (ETH) on the long term. I believe it is a no brainer and a great asset to build long term wealth. And I plan to Dollar Cost Average (DCA) at key supports to bring down my average entry price. Its impossible to determine when or where the bottom will be, so thinking in lines as an investor, the best strategy is to buy at key supports. I believe if an investor has the correct mindset, they will be rewarded when the bear market ends and the next bull market begins. 

Something l find interesting is the Hidden Bullish Divergence on the Weekly Chart below. Notice we wicked down to the support trend at $880 on the Kucoin Weekly Chart, and price action touched the trend line and bounced. Notice the trend line starts at the 2020 may crash. If price action can stay above trend line on the weekly, it will very bullish, and continue the trend upward. Take note, we can wick below on the daily, but as long we don't close below on the weekly, it will be a great sign of things to come.

Something else I like to see is the Weekly Stoch RSI, it has bottomed out. But note the Stoch RSI can stay at the bottom for a long time.

I believe there is some more downside to come. I think by mid 2023 the bottom should in. But Markets can change at anytime, and depending on price action, I may revaluate my position. Nothing is set in stone. For no trader or investor can predict the markets, best that traders or investors can do is to determine the probabilities in which direction it will go.  

It is important to note, I have not used any leverage. And not financial advice.

Please take Note: Price Action on Weekly Charts can take some time to play out. Anywhere from a week or two to a couple of months.