Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
ETH ~ 8H 📈 #ETH Make purchases gradually in this pattern, with a minimum target of 15%+. this is a bull pattern on a smaller timeframe.
We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target: We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a...
The price of Ether rose 1.2 percent to $3,854 over the past 24 hours ahead of the implementation of its Dencun upgrade next week. This upgrade will slash Ether’s transaction fees (also known as gas fees) which currently are at the highest level since May last year. Separately, the SEC is seeking comments on BlackRock and Fidelity’s spot ETH ETF applications,...
Ethereum (ETHUSD) has been consolidating since its High at the start of the year but on the longer term, the uptrend since the October 2023 Low is intact. The current analysis is basically an extension of our previous on November 23 2023 (see chart below): As you can see the 1W MA50/ MA100 Bullish Cross (blue and green trend-lines respectively), has been...
Ethereum (ETHUSD) almost hit our 2450 Target on the last buy call we made (November 17 2023, see chart below) before it started to consolidate at the top of the 1.5 year Channel Up: However it did turn out that the consolidation Megaphone, similar to January's, was the one that started on December 09 2023 and not before, as on our previous analysis. For that...
Ethereum (ETHUSD) is only 2-3 weeks away from completing a Bullish Cross on the 1W time-frame between the 1W MA50 (blue trend-line) and the 1W MA100 (green trend-line). Last time we saw this formation emerge was on the week of August 17 2020. With ETH trading inside a Cup pattern similar to the consolidation of mid 2019 - mid 2020, we are either on a level...
Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line): The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term...
The ETH/EURO Chart is holding at an interesting level - 200 Week SMA holding - POC holding also An ascending triangle or cliff edge? What do you think?
Ethereum (ETHUSD) is trading within a 6-month Channel Down pattern with the price breaking above the 1D MA50 (blue trend-line) yesterday. The short-term pattern is a Megaphone within the Channel Down whose Lower Lows come in direct contrast with the Higher Lows of the 1D RSI. Thus we have a significant RSI Bullish Divergence which is holding since the August 17...
Ethereum (ETHUSD) hit last week both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line), for the first time since the week of March 13 and March 06 respectively. It did manage to close the 1W candle above both and as long as it does, it will be a bullish signal, targeting 2030 (Resistance 1). If it closes a 1W candle below them (primarily the 1W...
Ethereum (ETHUSD) continues to trade within the Channel Up that started on the November 2022 market bottom and is currently supported by the 1D MA50 (blue trend-line). This draws comparisons with the final consolidation after the March 10 Higher Low at the bottom of the Channel Up. Both in price and 1D RSI terms the two fractals form an Inverse Head and Shoulders...
Ethereum (ETHUSD) is supported by the Higher Lows trend-line that started on the March 2020 COVID bottom and recently the 4D MA50 (blue trend-line) is holding as its new Support. Having grown by +5400% since COVID on a straight aggressive parabolic rally and entering the 2022 Bear Cycle in a Megaphone pattern, it has naturally drawn comparisons with the 2016/2017...
This could be a fake Trendline Breakdown Trade. After Breakdown of trendline support inviting Sellers to enter in a Short position. We can plan for a Reversal trade.
2h time frame - Refer to the previous structure from Mar 27 to April 17 We can easily predict the next trend of ETH Still have the potential to create harmonic pattern in near future. With this analysis, timing to open short will be around 2200 Get ready for it!
2h time frame - Ethereum creating a potential inverse head and shoulders. Best entry will show once break above 1883 Targets will be 1950 and 2145
Ethereum (ETHUSD) is on the 3rd straight week after the break-out from the Bear Cycle's Lower Highs trend-line. When that took place during the previous Cycle, the break-out rally reached the 0.5 Fibonacci retracement level. This time the 0.5 Fib is only $150 higher from the current price levels. This may be an indication that the rally that has just started may...
Ethereum (ETHUSD) is about to complete an Inverse Head and Shoulders (IH&S) pattern with the Support of the 1D MA50 (blue trend-line). With a 1D Golden Cross already formed since February 08 and the formerly Bear Cycle Resistance of the 1D MA200 (orange trend-line) now turned into Support, this IH&S targets the 2.0 Fibonacci extension, a little over $2000. That is...