Here is the update for ETH USD. It does not look good for long positions because of VOLUME and CANDLES. So watch the trendlines and be aware. We are still neutral, but bears could be close.
it is a Short term Analysis base on the next 7 days movement forecast total of 2 TPs
we can see that the coin has reached its Fibonacci projection extension level of 161.8% (1935)so we can be a bit sure about its move to 261.8% of the same which is 2550 USD i have specified 2 TPs where we can be sure about the fist one at present
ETH stand still on 200 daily moving average and still playing in this huge falling wedge , isnt it beautiful ?
ETH has previously hit the red line in this bull run once, after testing the middle band (yellow) for awhile, another breakout should occur towards my 8 - 12K prediction This indicator easily represents the price action we have been seeing for the past few weeks
looks like Ethereum is moving inside of a falling wedge on the Daily TF and any time soon in Jan 2022 will break above of the resistance. be prepared..
After the last drop, Ethereum rebounded and had a very short-lived rally above 4k. However, Ethereum, like all crypto market, in fact, is very weak and the price of Ethereum fall back quickly under 4k. This is a strong bearish sign for me and I expect a new aggressive leg down, this drop can easily extend to 3k zone. Only if I see strong buying power and Eth above...
An idea comparing two points on ETH and BTC From these two points I have plotted the future of ETHUSD based on BTCs price print The question is can it be compared BTC seems like it has more real world applications, while ETH has more internet based applications (possible real world) This chart does excite me regardless I am long Ethereum
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...
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.
Back on our Ethereum strategy here using the EDGE trend follow script. Entry details are shown on the chart we are in a short position. Trade has been live since 15:00 UK time. Working the 45M time frame here and we're only looking for TP3. Previous trades can be found on chart one was a sell that hit TP and a buy which hit SL. No strategy is 100% right...
An Idea for ETHUSD showing comparable structures in the current bull run The rising wedge normally is considered a bearish one, however in this case, it is bullish . As shown by the first rising wedge The second one will likely result in a larger rise as it is a bigger structural formation It can also be seen that the previous peak is acting as a support for the...
On Friday I shared an Idea on an Ethereum buy. The strategy in using our EDGE trend following script. The script has been set up to work a simple 1:1 RR ratio and look to take snippets out the ETHUSD instrument. Fridays idea can be seen below Friday's Idea went on to hit take profit target and since then a short position presented late last night which...
ETH seem on Bullish trend, strong support on EMA 50 TF 1D, strong demand area, still on bullish channel. The next target is 5356 for new ATH. What do you think guys? feel free to comments.
The retest is easily observed with the price being above the major bull trend line Similarities can be seen in the 1,2 annotations This will be the final retest before major bull activity resumes
W formation price aiming for that 5 point to complete the W The 50MA is playing a key role on this daily chart, showing consistent bounces off it It is also within a large ascending channel
This is a monthly chart on a Log scale for Etherum for three cycles. I included in Fibonacci patterns as well as taking into account days. Drop in a comment and I will surely give you my feedback. I am unsure if it is all too possible but $24K ETH to USD seems to be coming soon. Something is brewing for sure. Disclosure: This is just my opinion and not any type of...
Major trendline reclaimed up is coming UPTOBER xD This has been my general consensus for the past few analyses