Hello Traders, Lets dive into this . Pay attention. - **Market's Pulse:** ETH's price is the heartbeat of market sentiment. Rising? The market's optimistic about Ethereum's future. Falling? Time for a closer look. - **Ethereum's Weight in Crypto:** Think of ETH's price as a measure of its clout in the crypto world. Higher price, bigger footprint. - **Smart...
ETH/USD is in an Ascending Triangle Pattern. We also have what could be a Double Top as well. Ascending Triangle Pattern = Potentially Bullish Double Top = Potentially Bearish Here is a closer look at this 1day chart. Note the Liquidity Void being filled up at the moment. Here is a closer look at the RSI. Momentum is downwards at the moment but note the over...
Ethereum is bullish on the 1W timeframe (RSI = 66.069, MACD = 130.450, ADX = 40.617) as despite the nonstop rise since October, it is close to a 1W MA50-100 Bullish Cross. Last time we got this pattern was on August 17th 2020, with the price again on the 0.618 Fibonacci level, having already started the post COVID crash recovery that transcended into the Cycle's...
ETH inside channel up, and previous dump already touch channel up support 2186 became strong support level right now, if CRYPTOCAP:ETH still down, maximum bearish at channel up support. target for this pattern at channel up resistance around $2468
On this chart I see only cycles, eventually we should arrive at the lower horizontal levels +Wyckoff Best regards EXCAVO
We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the...
🔻 Ethereum in a Daily Correction: Ethereum (ETH) is currently undergoing a correction in the daily timeframe, approaching the Fibonacci levels of 0.382 and 0.5. 📈 PRZ (Potential Reversal Zone): This zone is significant, as it includes various Fibonacci retracements of different waves and also serves as a strong support area. 🛒 Ethereum Buying Scenarios: Entry...
ETHUSDT taking support from trendline and we will see a upside movement from here. Manage your risk according to your account size!
Ethereum reached a support zone. It's nice to see that has started dropping in the area i previously marked as possible reversal zone. If it can break this support zone, we could a range for some days in 2000 level, before going down till next strong support at 1800
With Ethereum, I perceive a distinctive cycle compared to Bitcoin. I foresee that, starting now or in the coming days, our focus will shift to completing Wave (iv). Subsequently, I envision an upward trajectory towards Wave 5, culminating in the finalization of Wave (3). To mitigate potential risks during Powell's speech, I deliberately placed the stop-loss well...
ETH/USD is trading close to an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 2,134.97 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 1,995.17 Why we like it: There is a pullback support that lies below the 78.6% Fibonacci retracement...
bullish pennent break & retest done3000 target buy full heavy qty
A bearish rising wedge in technical analysis is a chart pattern characterized by converging trend lines, forming an ascending wedge shape. It suggests weakening momentum and potential for a downward reversal. Traders often interpret this pattern as a sign of an impending bearish move in the market.
#ETH The price of Ethereum has been moving in a transverse channel since July 2022 In the Occasional Price Range 1112 $ to 2112 $ We have now reached the upper limit of that channel and it represents a strong resistance. Some downside expected for the support zone 1150 $ And the rebound from them in 5 bullish waves over the next 3 months, ending with a rise to...
#ETH/USDT After the big rise, we notice a sharp downward movement, which alerts us to the possibility of starting a deep correction at this point, which has engulfed several candles. The presence of a strong and valid bearish candlestick pattern (CH) reinforces this potential correction. In addition, there are two large fair value gaps (FVGs) at the bottom,...
We can see that this will be the 3rd confirmation of this trendline. "The trend is your friend until it ends". HAPPY HOLIDAY'S
Traders, We've done great with 22 winning trades in a row, exiting just before this little pull back. I wanted to bring you a quick update to show you what I am waiting on before I grow interested in re-entries into my altcoins of choice again. Stewdamus
Ethereum dipped near the 1d MA50. It is on a Channel Up and if the 1d MA50 holds, the uptrend will be extended. Even if it doesn't hold, we can still see the 1d MA200 supporting or even the 0.5 Fibonacci. That is what happened on the March 10 low. Those are the two buy entries currently on this pattern. The target is the 1.382 Fibonacci extension (this is where...