I just realised on the log chart for ETHUSD that the same structure we are experiencing now is poised between .786 and .618
using this information I can predict I possible top at 11K which is close to my previous target of 8K
Using both these targets ill come to a decision around that area when I will sell (if I will)
Linking important charts that are relevant...
Ethereum managed to break the $ 3,800 resistance level; It is currently facing resistance at $ 3,900 and is trying to dominate its current position.
Ethereum entered the positive market with a rise above the $ 3,650 price level; The uptrend started above the $ 3,750 resistance area and moved away from the 100-hour moving average.
It was followed by resistance at $...
ETHUSDT seems to have a correction soon. It has creat a wedge pattern and the price could act similar to the chart and have a correction.
It also is on the support now, its better to see the reaction of the market. you can wait for confirmation.
Agree or disagree? comment below
Goodluck
Within the channel I am suggesting a retest of the bottom of this channel
A large falling wedge can be seen present in the middle of the channel
This bearish move would be short-lived and a great time to load up more Ether
I need 8K !
ETH has entered a temporary range between $3,600 (support) and $3,900 (local resistance). Likely we will re-test the support before price will aim to go to the ATH again.
The 4h indicators show that we are bearish in the near term, however, best to wait for the Monday price action to make a decision. If we continue down, then it is good to place bids at $3,600...
Hello, my friends! Ethereum still at strong resistance 🧐
Today I decided to compare the pattern from which there was a shot up ( in the last bull run) with the one we have now!
The similarity is striking!😱
Of course, we must understand, that for a safer trade, it is better to enter on the breakout of the triangle!🔥
Let's do the same with the Ethereum to...
ETH tested the major resistance of $3950 - $4000 area. This is the point where Ethereum was rejected last time. Ethereum needs to break and hold $4000 to go towards the all-time high resistance of $4300. If it is rejected from here then we will see a possible retest of $3600 - $3640 support area.
ETH currently has a strong position with no major price fluctuations, it looks like the new price level could be broken in the near future, but everything will depend on BTC and its behavior
Updated thoughts on ETH
Im not sure if the Top cap value for the ETHBTC pair is accurate, it may only correspond to ETHUSD
Using the ETHUSD chart where it is valid I have placed a target at 8K, i believe it will be fulfilled
You can see how the curved white line (Middle line) is descending upon the major trendline and is forming a rising wedge in the process...
💎Technical Analysis Summary💎
ETH/USD
-Ethereum finally broke its mid resistance area after 37 days
-One of the early signs of strength before the breakout is EMA19 is respected
-With the help of Bitcoin's recovery from 53k up to 57k dollars today
-Now, if BTC will remain stable or sideways in the coming days
-I think ETH will likely test its recent swing top at...
LUNABTC has broken out of its wedge pattern and is performing superbly against BTC - the trend is your friend. Expect LUNA to breakout of the bull flag to continue this trend higher.
LUNA has done better than its peers and has a lot of fundamentals behind it as it is a top 5 stablecoin with a DeFi ecosystem as well as many other projects being built on top of...
MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
DO NOT BE LEFT BEHIND...
Trading Signal:
A Trading Signal is seen in the ETHBTC Ethereum / Bitcoin
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 0.0595
⭕️SL: Close below 0.0570
🔵TP1 @ 0.0680
🔵TP2 @ 0.0765
🔵TP3 @ 0.0985
If you liked our ideas, please support us with your likes 👍 and comments .
- Ethereum is now on FIRE!
- The price is breaking out of the inverse head and shoulders - bullish reversal pattern!
- I can see a new all time high very soon than expected.
- Profit target - top of the channel.
- Stop loss below the channel.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) -...
I wanted to share this potential roadmap for ETHBTC ahead of EIP1559 in July.
Fits Livermore's schematic nicely and the weekly resistance levels also make sense.
Lets see.
filb.
Guys Ethereum looks very dangerous to me. Looks like a double top pattern has been formed and the weekly trend line has been broken. What's interesting to me is this chart is kinda like the reversed chart of BTC.D (BTC.D has formed a double bottom pattern. I put a link below).
Using the log trend indicator on Ethereum
Suggesting an 8k top congruent with an early 2022 bull run end
Bars pattern is just to show movement to 8K
...
