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.
An inverted H&S structure with the suggestion that the right shoulder is yet to form I would expect a recovery for the shoulder somewhere in the lower half of this channel (1) is the shoulders (3) is the head (2) are also a key part of the pattern, id call them the arms
Key areas to watch are labelled with the price point tool If we break down this middle line and support is not found there is still one lower band for support to be found The curve channel is overall bullish until the larger curve structure is broken Lets see what happens
Counting the pattern with (1) being the highs and (2) being the lows and support points We are currently experiencing a support point at (2) Growth usually occurs following (2)
ETH has started to take off above the parabola that can be plotted. Previous points along this line are in green and show the bullish potential right above the trend line. The trend lines strength is shown with the dump during COVID (early 2020), rejected right on the line.
After almost 2 years of consolidation it looks like 20% may be breached soon and then 25-30% likely in the future this year
Ethereum's coin Ether is going to test upper trend line. Least likely can break the it up.
KUCOIN:ETHUSDT Looking for bullish ETH retest in yellow zone. Always wait for entry trigger confirmation which could be a candlestick pattern or formation. Upside targets marked. Failing, look for entry-trigger for short to 1350 level as initial play. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute...
The Shanghai upgrade marks a significant milestone for the Ethereum network, enabling depositors to access their staked ETH for the first time since the launch of the Beacon Chain. With the upgrade, two main types of withdrawals will be possible: partial and full. Partial withdrawals, or skimming, will permit validators to withdraw their cumulative staking...
Good morning, traders! 🌞 I recently shared a public post on Ethereum – if you haven't, go check it out as it's still 100% valid (link attached at the bottom of this post). Initially I was targeting 3k, but have raised my 🎯 due to the current global events. Keeping it simple: Ethereum wave B target = $7200. --- 👇
- Sometimes the lines we see are unclear and difficult to understand. - Trading is some kind of art where u are trying to paint the future. - No one is born a great trader, one learns by trading. Happy Tr4Ding !
Simple moving average crosses are the ultimate way to judge solid entries. As you can see here, the price of Ether against the U.S. dollar has risen above the latest cross. This is an almost guaranteed way to profit in any trading. No one knows how long the magnitude of this mini-rally will be, but the longer it is, the more your profit.
ETH🚨👀 When will we see the cornerstone to enter the party zone dear Ethereum fans and Crypto Nation? Give me your thoughts in the comments💭 Likes♥️ and Follow🔗appreciated Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
A larger channel can be drawn against the two tops straight to the lows ETH has currently formed a bullflag and is looking to breakout of its current structure and move up further into the up channel We will see growth.
Ethereum is still in its uptrend channel on the daily and weekly timeframe after previously rebounding from its lower channel, support and demand zone at bottom of 1k. Next target if the resistance and supply zone at area 2k break and with a close above, is at the resistance and supply zone at mid 3k.
Binance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its...