ETHUSDT - analytics with history! What awaits us ahead!
Good day to all crypto fans!
Let's analyze the current situation of the price movement ETHUSDT. The price of ETH moves inside two downward channels, inside a locally upward channel, a symmetrical triangle and in a five wave growth pattern. Marked on the chart!👆
What are the expectations for further price movement?
Let's analyze the situation locally: a Double bottom pattern is formed on a 1-hour timeframe with the probability of a local price increase to the upper boundary of the triangle and further development of the Double bottom pattern and price growth to the level of 214.56.
On the daily timeframe, we have formed the “Double Peak” pattern. 3 and 5 wave with dropping peaks.
Where will the exit from the triangle be? Let's analyze the story to understand the future!
In 2016-2017, there was a similar situation. The price moved inside two descending channels, in the five wave structure of growth, in a triangle, above the average sliding. In the fifth wave of growth, the price reached the first level of the fifth wave, followed by a corrective movement to the lower boundary of the triangle. Locally formed a reversal pattern "Double bottom" 3 and 5 wave with lowering peaks. However, the price broke through the upper boundary of the triangle and continued the upward movement to the levels of the fifth wave and then broke through the upper boundary of the descending channels, forming an upward trend.
The MACD indicator in 2016-2017 and now also shows the similarity of movement.
A very similar structure of the price movement with the one we see now on the chart.
The cancellation of the scenario of the upward price movement ETHUSDT is a breakdown and consolidation below the lower boundary of the triangle.
Successful bidding!
More information in my Telegram channel!
Thank you for your attention!
Do not leave without like and comment, and if you liked my analytics sign up, and you will definitely not miss anything!
Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
Let's analyze the current situation of the price movement ETHUSDT. The price of ETH moves inside two downward channels, inside a locally upward channel, a symmetrical triangle and in a five wave growth pattern. Marked on the chart!👆
What are the expectations for further price movement?
Let's analyze the situation locally: a Double bottom pattern is formed on a 1-hour timeframe with the probability of a local price increase to the upper boundary of the triangle and further development of the Double bottom pattern and price growth to the level of 214.56.
On the daily timeframe, we have formed the “Double Peak” pattern. 3 and 5 wave with dropping peaks.
Where will the exit from the triangle be? Let's analyze the story to understand the future!
In 2016-2017, there was a similar situation. The price moved inside two descending channels, in the five wave structure of growth, in a triangle, above the average sliding. In the fifth wave of growth, the price reached the first level of the fifth wave, followed by a corrective movement to the lower boundary of the triangle. Locally formed a reversal pattern "Double bottom" 3 and 5 wave with lowering peaks. However, the price broke through the upper boundary of the triangle and continued the upward movement to the levels of the fifth wave and then broke through the upper boundary of the descending channels, forming an upward trend.
The MACD indicator in 2016-2017 and now also shows the similarity of movement.
A very similar structure of the price movement with the one we see now on the chart.
The cancellation of the scenario of the upward price movement ETHUSDT is a breakdown and consolidation below the lower boundary of the triangle.
Successful bidding!
More information in my Telegram channel!
Thank you for your attention!
Do not leave without like and comment, and if you liked my analytics sign up, and you will definitely not miss anything!
Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
Telegram связь 👉 t.me/Trilli_Trade
Telegram канал 👉 t.me/trillitrade
Ютуб канал 👉 @TrilliTrade
Торгую на BingX 👉
bingx.com/invite/QMOISW
Telegram канал 👉 t.me/trillitrade
Ютуб канал 👉 @TrilliTrade
Торгую на BingX 👉
bingx.com/invite/QMOISW
