Ethereum has some big swings intraday but multiple timeframe analysis suggests its not mere noise. Price is testing a weekly bullish reversal pattern. Its best to be patient and allow this minor downtrend to cease and form a newfound support level. If an uptrend begins at these lows, Targets could be steep considering where the potential neckline is if a double...
After the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
Hi Traders, Investors and Speculators of Charts📈📉 Ethereum has recently started a new bullish cycle along with the rest of the markets, predominantly led by BTC as always. When we take a look at ETH from an Elliot Wave Theory analysis, we see the start of a new 12345 Wave cycle. ETHUSDT is currently trading in Wave 2-3, generally know as the longest/biggest...
Ethereum is on its journey of creating many higher highs along with bullish reversal candlesticks to initiate the move. The Daily has retraced to a key level on the daily chart. This is our first signal to go long. A morning star on top of structure and support. The 4H chart will inform us on whether price is still retracing bearish or if its time to get in long NOW.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Ethereum just retest and already started the rejection away from a previous weekly resistance area which was turned support exactly at the $1750 level. You can also see that weekly market structure is still quite bullish, the next...
Traders, As debt ceiling issues appear to be being resolved, the market is becoming even more bullish. Fear (VIX) is dropping to multi-year lows, the dollar continues its longer-term drop, and the stock markets are popping with several breakout signals. What does this mean for our crypto space? Let's take a closer look. Stew
After the daily made a bearish push to the downside I wanted to see how price reacted to the 38.2 prz level. on the 4H, a hammer on top of the 38.2 fib as well as support. Breaking things down to a lower timeframe I had a correction trendline drawn from the latest swing highs. Price had broken the correction trendline and began up trending on the 15min and 30min...
It's a great thing we're no longer fooled by big big candles being a big move. Proce closed pretty Bullish on Sunday only adding to the combination of randomness . Anytime price created a lower low, I project and expect it tush lower after a retest. This is exactly what price is doing, a reversal candlestick at a key area suggests its almost time to short. If...
ETH potential re-test of big Value area watch video
I am anticipating the top of this intraday indecision uptrend. The 4 hour has been creating weak candles throughout this bullish push to retest 38.2. or the bearish engulfing for the daily Lower high. Intraday on the 1hour chart price presented a shooting star at a retest of a prior shooting star. I placed my stop loss just above some prior highs in that area.
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is approaching a quite nice previous weekly resistance area which is currently turned support exactly at the $1700 level. You can also see that weekly moving averages and market structure is overall bullish, I am now just...
I noticed that Ethereum was re-testing the neckline of an inverted head and shoulders pattern while at the bottom of a range and on top of support. Price provided an indecision candle on top of support as well as 61.8 fib. I anticipate that price will push back higher to retest a prz level. we have to get there first. It could begin with this purchase at a higher low.
The Daily did not confirm its Bearish Engulfing from the 38.2 retracement level. Which tells me that a potential reversal is underway. Especially after a daily hammer and intraday the 1H HAS CONVERTED AN INVERTED HEAD AND SHOULDERS. This is important to our bias change from overall bearish to short term bullish. The 4H hour is in line with this move by the fact...
Traders, The title says it all but I will show you why I am starting to grow bullish on altcoins here. Stew
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recently once again retested a quite massive weekly structure area at the $2000 level which is now turned resistance again. However you can also see that overall market structure and moving averages are still quite...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is once again retesting previous weekly structure exactly at the $1800 level which is now turned strong weekly support. You can also see that the overall market structure and moving averages are still bullish, in my opinion...
Hey traders, This is an update for ETHUSD which is still coming lower with cryptos beeing in a corrective phase. However, three waves down from 2141 can be approaching some key support for bulls near 1680/1700.
We are approcaching the time to get some entries preparing for crypto bull run as we are approaching Bitcoin halving that normally moves the market a lot. This is just my analysis and not a financial advice