We have a no. of indicators or elements telling us that this can be a good entry. Observations: a) Main support level is holding (at point D) b) Bullish divergence indicated on 3 indicators, on the 4 HRLY chart c) Formation has confluence with Gartley Harmonics d) BTC is showing sideways movement and hence many ALTs tend to go up in such situations e) On the...
Descending scallop setup, following a strong deathcross.
BINANCE:ETHBTC On 1H time frame, falling wedge pattern could be seen forming. The 3rd touch could end as a double bottom, as seen currently, with an inside bar pattern formed on the 4H time frame On the DAILY time frame, price has retraced past 0.786 fib level and is closing in on 0.886 fib level, while approaching a parallel channel trend line, this has been...
ETH/BTC ETH broke outside the downward resistance and made a higher low for the first time. There is also a potential double bottom pattern formed between 17200 sats area as the price already showing sign of reversal on this 4-hour timeframe. We may see ETH pullback to the support zone to confirm the old resistance turning into new support before continues its...
ETH/BTC ETH broke key support from 20000 sats area and now testing the 0.786 Fib level including the 1st higher low formed last September. RSI hit extreme oversold during its drop, there is a high probability to have a reaction rally from this area to form a daily lower high.
Self explanatory! 1) wicking into 3D OB+ (bullish order block, or demand zone) 2) RSI approaching longer term support 3) I suspect there could be some consolidation near this level, as RSI bounces off this longer term trend line. 4) I've also outlined a 3D OB- (bearish order block, supply zone) for a short term trade target once RSI bounces.
ETHBTC is showing bullish signals with a bounce of 78.6 fib level and bullish divergence on the 4hrly. Daily is also in oversold conditions and has already probably bottomed and expecting a bounce from these levels. Trade with care. Just wanted to share an observation. Nothing is 100% and only trade what you can afford to lose and with small portions of your...
ETH/BTC ETH broke support at 19600 sats level and testing the previous swing low and the 0.618 Fib level too. RSI is getting closer to an oversold condition. If the price can hold this level for a couple of days, I expect a minor pullback to the upside to form another lower high.
Looks like a death cross to me, sitting above the downward trend line, death cross may push price down to this trend line and form a new support. Also making consistent higher lows, which is a bullish sign. Sentiment looks mixed imo at the moment. Give me some coins you would like to see!
Double top and a fractal, clear downtrend on 4 hour and on various other time frames, 0.88 regression downtrend, quite strong. Outbreak may occur once higher low is produced on daily timeframe, or fib level 0 is reached on 4 hour chart. Thanks for viewing my analyses.
The pattern is undeniable. Ethereum looks to be very close to completing its 8 step cycle, which it has done twice. Could this be a sign that a bull run is on the horizon? Only time will tell, but keep Ethereum on your radar. If it starts to take off, you may want to get in early because this bad boy can fly!
ETH/BTC observation, further declines may occur if history repeats itself.
Hi All, Recently I came to a new understanding on RSI and MA and how one can trade with this indicator. ************************** I have leveraged others scripts and created my own RIS_EMA\MA indicator, soon to be share out, so watch my space for this. I believe others have done this but I feel a cleaner job can be done. ************************* Using Fib Fan...
0.67 Regression trend, possible bounce.
Along with BTC.D, ETHBTC is the best indicator for likelihood of altseason The last two years we've seen a year of altcoin weakness against USD and BTC The past year we've seen altcoin weakness against BTC Sentiment on altcoins is rather low right now, most of the moonboys and fomocrowd have been washed out Prime conditions for an altseason. If it's...