Ethereum is moving since a longer time within this massive ascending-channel-formation where it already tested the upper-boundary several times and now forms some really interesting price-action that can lead to confirmation with some solid potentials ahead, there are however some important price-actions Ethereum has to show up with before this final breakout can emerge therefore I detected all the important levels and likely outcomes we should consider with Ethereum at the moment and with the upcoming destinations.
When looking at my chart you can watch there the blue trendline Ethereum has built together with the upper-boundary forming this important triangular-cluster-formation marked in red, besides that Ethereum formed the coherent wave-count within the structure where the waves A-B already formed and the upcoming waves C-E can follow up the next times as it is marked in my chart, in this case, it is from high importance that Ethereum holds the lower boundary together with the 15-EMA sustainably and do not falls below it because this can invalidate the bullish formation and show up with bearish pressure ahead. When Ethereum moves on with the proper price-actions here this can lead to a great breakout with good potentials ahead in the structure where Ethereum firstly tests the upper-boundary marked in red which are also targets of the triangle, this range can possibly be a short-zone when Ethereum shows up with increased bearishness, after that it is important to hold the upper-boundary of the huge channel and confirm it as support to consider any bullish continuation possibilities further ahead.
The next times Ethereum has to show how it manages to complete this formation and show up with the increased bullish pace that can have some really good potentials, this whole structure differs from the major Bitcon as Bitcoin already made several highs which does not mean Ethereum can catch up with the train and define paradigm-shifts, for now we should elevate the next establishments in the structure and look ahead what comes after that and how Ethereum manages the breakout, it will be definitely an interesting determination.
In this manner, thank you, everybody, for watching, have a good day as well as good trading, all the best! “Good luck is when opportunity meets preparation.”
Information provided is only educational and should not be used to take action in the market.
@polatates20, Thank you, Ethereum now properly formed the breakout above the boundary.
polatates20
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@VincePrince, ı have been following you mate like your chats and wondering what you think about coti ? ıf you analysis ı will be very happy and bull run coti will move huge ı believe ....hello from turkey mate
UnknownUnicorn10724764
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Always follow, and respect your content, but do you earnestly believe we will peak at 7xx by March next year considering the bull run should peak around July next year?
VincePrince
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@James932929, Hello, thank you and thanks for your question, the time is mostly relative in trading and technical analysis, the time can vary.
VincePrince
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