I think we will experience one more move up comparable to that of DEC 18 where price bottomed and we experienced a short move up. We are in the last stages of this short move up. RSI analysis.
Looking at the 4-hour time frame of Ethereum, we see see flat price action for the past month. The price has been floating over this 1645 level that hasnt been retested, but neither has $1284 on that March low. Just like the banking contagion in May, i’m expecting some upside because the crypto markets really liked the banks failing. There’s the downside...
A falling wedge pattern which are considered a bullish pattern once completed. This bullishness we might see once ETH stops hovering around these 1700 - 1800 levels. Im still bullish on ETHUSD right now.
Clean retracement to .78 on the fibs and we're holding strong. I think that we should go retest the highs and break $2150 over the next few weeks.
Ethereum seems to have created a 🐻bear trap🐻 (but the 100-SMA held Ethereum well). According to Elliott Wave theory, Ethereum is completing a c orrective structure . Ethereum correction structure can be Expanding Flat(ABC/3-3-5) or even Double Three Correction(WXY) . I expect Ethereum to go up to 🟡 PRZs(Price Reversal Zones) 🟡 after breaking the ...
Would the previous peak lead to a double top with the current peak? Bars pattern just shows my thoughts if price did double top and price moved down
The Gaussian channel is turning green! Price is moving up slowly but for now it has perched itself above the middle line which is a really good support. ETH may continue to move up as the channel continues to turn.
ETHUSD on this Monthly timeframe shows higher lows sitting just above the top of the channel. If we are able to recover and hodl this Monthly upper line the bulls are still on for the long term. Higher lows present.
A sharp rise following a curved trend I think BTC is going to 700K so naturally ETH will follow Attaching some relevant ETH charts
The middle line within an up channel third test it looks like the bears are strong but strong bounces have been seen off the line already Perhaps the bulls will maintain the middle line? 4Hr Chart
Been getting good on trading at the beat of my own drum recently. A sweep above $2,000 and I'm expecting us to return to $1900 at least where we have Fibs retracing to below .78. If we break $2,000 with momentum, I'll look to $2030 about as a target.
Long term cup and handle pattern Will we see the bullish phase during the handles structure? I am bullish on ETH.
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
The upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the...
An idea for ETH supporting some of my previous posts, with a reversal at around ~1800 I have drawn channels against all of the trend lines available Linking related posts below
As usual, what follows isn't financial advice but a mere observation. This idea is to be considered as a follow-up of the one that can be found linked below. As explained in my last study, we're witnessing extremely low levels of volatility on the weekly timeframe for ETHBTC. While price action wasn't exactly confidence-inducing until a couple days ago, tides...
ETH held stronger vs BTC at the lows. While BTC made lower low, ETH remained above with a higher low. However since those lows, BTC dominance has flexed its muscle and ETH had lost some of its strength until recentl with the upgrades/mergers, ETH surged and bounce right back up. Tough to say whether another leg up is due, I am favoring at least a retest of the...
Higher highs are indicative of a market that wants more, higher prices The bear market we have experienced is not comparable to that of the one seen following 2017, both in length and severity. We also haven't experienced the peak bull market, which is now taking its turn to come through.