COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETHUSD has completed a 100% retrace from January 1. I see 3 scenarios going forward.

  • Resume the uptrend: The white arrows each show a different resume of the uptrend, confirming the pair is still in the upward channel.

  • Begin a downtrend: The Red arrows show a bounce off the 100% retrace/neck of the head and shoulders and could signal a downtrend. I very much doubt this will happen, as the MAs rise to meet the spotpoint.

  • Copy the explosion from November 15 - January 15. The red-to-green arrows show a brief downward look to the rising MAs, and then another explosion in similar fashion to November-January. The downward motion could be caused by the technical requirement to reach the 200D MA (as BTC -2.98% and LTC have). This is my highest count.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out