🔥Before I start I just wanted to say CHEERS TO EVERYBODY! THAT ETHEREUM MERGE HAS FINALLY HIT! I'll address that in the next Ide abut this is gonna be quick since I just got off work Morning TA for you guys as always so here's what's up. It won't be much but much hasn't exactly happened to be fair which is pretty good for now.
🔥And before all here's a quick look at our 15 minute chart.
🔥By that we can see that it's looking like we're gonna be testing that bottom of our current wedge for support as well as that $1500 support point as well for the 15 minute timeframe. Now if we fall below that $1400 is our next main point which is on the 2 hour so keep that noted and set those alerts for those price points in case of anything dramatic. Especially with this Merge having happened last night a lot of action is gonna be hitting us soon enough.
🔥Also here's a look at the block time of the last 100 blocks since the Merge with only one having been missed, basically the stability is the best case scenario really for Ethereum and is already going to prove just how impactful this Merge and project which has taken 6 years to finally complete has been. This is truly the start of a change for the better, not to mention a big help for ETH's energy consumption!
🔥Gonna leave the idea here for now but you'll want to watch those EMA's on the smaller time frame and watch out for that red bottom line marking of our wedge in case we fall through or us it as our steps to climb up. Price action has been nominal following the announcement but traders are waiting to see what happens soon with our wedge and that next move will most definitely not be taken with a grain of salt but much ferocity so be on notice. Wishing everybody an amazing day and cheers once again to Ethereum's MERGE!
~ Rock '
🔥And before all here's a quick look at our 15 minute chart.
🔥By that we can see that it's looking like we're gonna be testing that bottom of our current wedge for support as well as that $1500 support point as well for the 15 minute timeframe. Now if we fall below that $1400 is our next main point which is on the 2 hour so keep that noted and set those alerts for those price points in case of anything dramatic. Especially with this Merge having happened last night a lot of action is gonna be hitting us soon enough.
🔥Also here's a look at the block time of the last 100 blocks since the Merge with only one having been missed, basically the stability is the best case scenario really for Ethereum and is already going to prove just how impactful this Merge and project which has taken 6 years to finally complete has been. This is truly the start of a change for the better, not to mention a big help for ETH's energy consumption!
🔥Gonna leave the idea here for now but you'll want to watch those EMA's on the smaller time frame and watch out for that red bottom line marking of our wedge in case we fall through or us it as our steps to climb up. Price action has been nominal following the announcement but traders are waiting to see what happens soon with our wedge and that next move will most definitely not be taken with a grain of salt but much ferocity so be on notice. Wishing everybody an amazing day and cheers once again to Ethereum's MERGE!
~ Rock '
