Hello traders,
We are looking here at the hourly chart of Ethereum.
We see here a Wolve Wave pattern with a target of aprox. 3250. This happens to be also the 50% retracement Fibonacci Level. So both targets are coming together. ETH formed also a negative divergence in the RSI so different signals for the same target. The false breakout of the 5th wave validates...
Hello Traders,
Here is an new update on ETH Ethereum.
We can see on this 4 hour chart that there is a big negative divergence formed in the RSI. It is possible but of course not a guarantee that we will have an interim correction. We can also see a divergence in volume. Of course that is also bearish.
Only if we break out of this rising wedge upwards with a...
Hello traders,
Here is a new update for Ethereum which has broken out of the medium-term upward trend channel.
Ethereum has broken out to the upside with more than above average volume so I think the rise is sustainable. The targets for ETH are now:
-> Target 1 3692 USD
-> Target 2 4276 USD
-> Target 3 4645 USD
Support is now found in the ascending trend...
Hello Traders
I would like to share this chart with you. It is the 6 hour chart of Ethereum ETH. You can see here an almost perfect trend channel over a period of more than 4 months.
Interestingly, we have now reached the exact top of the channel with the latest rise in Ethereum. There is also a short but very steep trend channel in the larger upward trend...
Hello Traders,
Here we see the 4 hour chart of Etherum. As often, a picture say more than a thoussand words.
We are in the top of the trend channel and the target of 3000 USD is almost reached.
I now expect a pullback because we are on the top of the trend channel, we have the formation of a rising wedge and we see declining volume during the rise.
If the price...
A descending triangle pattern is formed by this chart. Usually it is said that descending triangles are bearish but nothing is certain here. So I have taken a neutral approach to predict the targets in both directions. Price has already broken out of the pattern which might rise by hitting the trend-line and reach the above target of 2363 or if it comes back...
~Above 2042 and stable there will get upward till 2250 and will be make a new zone for upward
~under 2040 and stable there will get SELL till 1937 and 1800
So we did fail to hold the neckline of our recent W pattern, although after pulling a fibonacci retracement from the second previous low to the most recent high, we can see that we broke the .312 level to only come straight back above it to hold. I predict that we will see the price level climb back the the high of the W pattern, before a small consolidation and...
TF: 4 Hr
Eth seems to be consolidating, I would like to see a break above either zone for a trade. My biased is price revisits ~$1300. Lots of wicks there which signal show strong buying at those levels. If price decides to visit that area, I would not be surprised to see a strong wick through the $1300 zone to grab liquidity/long stops.
