Ethereums dominance is looking fantastic pushing upto the 20% level! igniting alt season as BTC dominance continues to fall! The MACD looks very good we are seeing a healthy green bar for our first on of this cycle after very recently getting that bullish cross! We are already seeing some good separation in the MA's and we will need to continue to see this if we...
ALTseason could be upon us, ethereum just had a beautiful breakout against BTC out of this descending wedge! We are currently facing some resistance at the 0.2 FIB but we did have a nice wick pretty well above here! We notice on the MACD we are in and out of a bullish cross and we gotta look for separation in the MA's once the bull cross happens, we need to see...
Checking out ETH's dominance we notice that it looks like we have found some decent support here at 18.20% and we are seeing a couple transition candles, one a couple days ago and another one in the making today, now if we can hold this support and have another green transition candle i think we are set to make another run up! First off id like to compare the...
As we bounced off this resistance we had a pullback but we should see another push to break the resistance. If we are able to break above the resistance we should see a retest then could be on our way too $3,500 towards the end of the week. On the other hand, if we get a sell-off we may retest the bottom trend line, retest the upper resistance then could see a...
We just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend. If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top...
We are currently in a strong resistance line & what we see unfold tonight will be a strong indicator of how our Friday morning will go. If we are able to break through this resistance we may be around $3,200 heading into Friday morning, but if we do test this resistance then fall below it we would see a retest followed by more consolidation on Friday.
Since the BTC showing a healthy correction (I have published it on my previous analysis), so the other coin like ETH will follow. On the 4h timeframe I have found a bearish divergence, so most likely it will touch the second bearish divergence target which is around 2888. Not only that, the 4h time frame also showing a potential double top pattern and if it...
Eth has undoubtedly been out performing the market recently after the mega bullish london and eip1559 upgrade went live, we are currently on our 19th green candle inna row! Now something pretty important for strictly ETH is the EMA ribbons, no one else in the market has managed to reflip the EMA ribbons back to bullish, and keep in mind this indicator is more long...
Looking at the RSI it indicates were fixing to see another Massive pump towards $3400+ as we move into the weekend. It largely depends on the Senate Infrastructure Bill which is still being decided. Once it's passed we will really get an idea of what's to come for the rest of Q3 & what we have in store for Q4!
As the chart tell us that ETH already break out 1767-2300 range zone Eth also break out strong resistance 2860 which formed on May -June 2021 Clearly, Eth is heading to strong resistance around 3200-3300 which would confirm strong uptrend to 4100 zone. Senario 1: Eth fail resistance 3200-3300 retest 2860 support Senario 2: Break 3200-3300 , confirm strong...
A double bottom is happening now on ETH chart. After it breaks the neckline then you can see the price target on chart. I wanna mention that price has broken 200MA (Bullish).
We may begin to see a nice Pullback as we move through the night into Friday morning. What we need to watch for is if we are going to do a Touch & Go off of the 200 EMA, we have been creating Higher Highs & Higher Lows which is a great indication for another Uptrend. We may cross the EMA with a Retest then a large pullback too the $2,400 range.
Ethereums been outperforming BTC recently with ETH's dominance starting to climb back up, i think we can easily expect new yearly highs for ethereums dominance based on how fast it is growing plus the soon to be deflationary asset will grow demand wise, we had a yearly high recently of about 21% and i think we are bound to make our way upto atleast the 22% level....
Ethereum has been showing very high strength recently pumping even while BTC falls in price, and as BTC dominance gets lower and lower the altcoins and ETH will start to really explode! we have blew past many key areas recently like the pivot point, the first level of resistance and now the 0.2 FIB level, if we can manage to hold the 0.2 FIB for daily close...
BINANCE:ETHUSDT If we look at the chart we can see that the trend from the price of 1800 It has moved upwards by 58% Up to 0.786 and after breaking the level, make a small correction have given. And now you see that the pressure of buyers has decreased and The price is falling and the level of 0.786 is a strong support for the trend And in case of failure of...
ETH has been performing amazing against BTC recently with a beautiful breakout of the descending triangle, also we have well passed the bullish pivot point a few days ago and we continue to hold it for the overall trend reversal. We are just beginning to take a ride up the top bollinger band with the past couple candles hugging that top band, if we continue to do...
Ethereum, 1st goal hit, I hope for 2nd wave up
Ethereum has been trading perfectly in this descending triangle and we have failed to breakout the top many times and now we could indeed be in for a fall out of the bottom of the triangle, from what it looks like there isn't a lot to worry about and this could be a potential fakeout to the downside, as we have many many supports below us this could be a tactic to...