ETH/USD
ETH is quite holding this area of support strong as it bounces again on 50MA.
If ETH can maintain this level for the next 24 hours, there is likely a chance it could push up to retest the previous swing High at 178 regions.
Bearish scenario if ETH closes below this 50MA and upward trend-line support, we could see the price fall down the next key support area.
ETH/USD
ETH almost touches the 180 price level but soon after Bitcoin drops, ETH also followed and the price reaches immediate support area at 165 regions.
If ETH can't sustain this level of support for the next 24 hours, it could further drop down to 158 upward trend-line support before we could see a bounce up from the price.
ETH/USD
ETH pump over 18% and piercing through two key trend-line resistance.
The price is currently testing the old trend-line resistance to potentially turn into the new support area.
ETH is quite looking good after it passes through 50D MA last Jan 10 trading.
I'm currently bullish on ETH as long it can hold the 158 - 152 levels.
Target to the upside is 180 -...
ETH/USD
ETH is painting a bearish pattern or ascending channel which by TA it is not good. But to invalidate this bearish sign, ETH needs to hold immediate key support around 142 - 140 levels
and not break the upward green trend-line support. ETH requires to get above this key trend-line resistance at 150 levels or over 6-7% pump from the current price.
If...
ETH/USD
ETH broke the inside trend-line resistance around 135 levels and has the potential to retest the much bigger resistance line at 150 regions.
We can see buying volume in the past days and ETH finally started moving upward with the help of BTC moving up too.
EMA cross is likely to happen within the next day to give a signal of an immediate shift in short...
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...
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.
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.
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ETHBTC Next Possibility Move
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan.
