Looking at Ethereum it is pretty clear we have no sense of real direction and one thing that stood out to me very clearly is that we are in a wider ranged accumulation phase in the market. Shown by the blue shaded area we have respected this zone very well and are struggling to find a breakout point, what i believe is happening is a big 3 week accumulation period...
Hello friends, today you can review the technical analysis on linear scale charts for Ethereum ( ETHUSD ), a cryptocurrency. Quick Analysis: 1) The left two charts are showing a 2017-2018 and 2021 Ethereum chart with similar timeframes. The 2017-2018 chart shows a dip in the price followed up by consolidation before a blow off top. The same fractal seems to be...
Trying to find another parallel channel that conforms to a bear market The current trend that has formed, (lighter grey with middle dotted) Is going to be major parallel channel in the future I suspect However if we do see a fall it will fall into the darker grey channel, which is slightly more horizontal There are multiple support lines along this trendline if...
Hello friends, today you can review the technical analysis on the 4H (hourly) linear scale chart for Ethereum ( ETHUSD ), a cryptocurrency. #CryptoPickk noted in the chart: 1) There is a multi-month trendline which the Ethereum price has come close to touching or has bounced off. 2) When the trendline was formed, the price was below it and it was serving as...
Hello friends, today you can review the technical analysis on the 1D (daily) log scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency. When reviewing this chart, keep in mind it is on a macro perspective and not looking at the day to day activity. #CryptoPickk noted in the chart: 1) The Ethereum price has been in a Parallel Channel since the end of...
What’s up guys and welcome to my profile, my name is Gianni and today I’m going to analyse the ETH/USD, trying to translate the market information with a full technical analysis on different time frames perspectives. For a better understanding of my bullish bias, let’s have a quick look on the monthly timeframe: During the last 3 months the market has performed...
Provided that today's candle on 2D closes as a pin bar + RSI & RVI bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is an potential price action for local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT. If price...
The Gann ratio extension reveals the next strong supporting resistance level of 5063 at 1.25 for Ethereum if the price is indeed going to continue upward.
Bitcoin has been slumping pretty hard against ethereum which is a big positive for the altcoin market and the fall might just be starting, everything on BTC/ETH is looking very bearish. We have broken down below 2 pretty heavy downtrend support lines and looking at our current price action it is looking like we will see a daily close below both of these levels...
So interesting that even since 1973 a comparison like this can be drawn to the early days of ETHUSD I have plotted a bars pattern to see if the commonalities will continue even further Both start with a rising wedge, that is successful in breaking down. One major difference however is that ETHUSD is on the daily chart, while VAXXART is on a Monthly chart. Still.
Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Ethereum ( ETHUSD ), an altcoin cryptocurrency and the second largest by Cryptocurrency Market Capitalization. #CryptoPickk notes the following: 1) Ethereum price formed a multi-month Cup and Handle Pattern which broke out at the end of October 2021. The re-test of the...
Ethereum has been following my second scenario yellow path pretty perfectly against Bitcoin, we are currently sitting just under resistance at 0.0769 which we have wicked off of multiple times already, weakening the level everytime. We are sort of moving sideways but i think the momentum is building up for ethereum and its only a matter of time before we smash...
Even though BTC Correction and the effect make other coins correction too include ETH but seem having strong support around 3926-3994. The correction around fibonacci 0.382 area also price above EMA 50 TF 1D and EMA 300 TF 4H. Good sign but wait for confirmation break out.
Ethereum "has held" very well in this correction, with a concrete floor at 4k. Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
ETH through the strong influence of BTC, is experiencing a slight correction but quite successfully held at current levels, we see a very strong support line
Ethereum price is sitting now in the support box we can expect two scenarios a revisit to hit 4.45k or a retest to the support levels 3.7k - 3.8k If we lose the 3.7k support the next one will be at 3.4k - 3.2k
I was waiting until now for ethusdt touch the 3950 which is the core of MPL of a serious FLAG LIMIT I drew all stories of ETHERIUM RED and GREEN lines are my favorite stories! BLUE STORY may occur only if green flag limit ENGULFED by the price & retrace up not to make impulse leg , to fall to the NEXT TRUE DEMAND! that would be the whole DAILY FVG! (about...
Ethereum is looking absolutely amazing against Bitcoin right now and over the past while, we recently had a little accumulation phase where we saw sideways and slightly downwards movement where we built up momentum and now we are breaking out and starting to make a nice run upwards! All shown by my second scenario yellow path, personally think this is just the...