Time will tell I guess I am hodling my bullish stance Yes it does look like a top formation, however time does not warrant a top this early With everything going on around the Ethereum space (NFT's, DeFi) A run greater than that of BTC's 2017 run is expected by me. I am long Ethereum
After breaking under 2200 support, Ethereum has started to consolidate. In my opinion, a new leg down will follow and I maintain my 1800 target. EthUsd above 2200 would delay this bearish scenario
New update on ETH. On the Ethereum chart, we see that the price broke the important $2.177 level, closed above, tested it as support, and went up. Locally, we also see a trend line, which prevents prices from declining and is strong support. If the price corrects to the area marked below, it could be a good time to buy with the targets marked above! Write in the...
A symmetrical triangle followed by a descending broadening wedge now we are presented with a rising wedge which usually results in a downward outcome (red bars pattern) The red bars pattern hits the downtrend and 1.618 at the same time, providing a huge support This is the optimal entry point Yellow zones are just areas of importance (rejection areas, fib level...
Looking at the chart over and over again Using Sine lines to plot the tops and bottoms These lines also suggest June 2022 for Ethereum's bull run end as have many of my previous analyses Can also be interpreted as phases of UP,DOWN,UP 20k is a long way away, but remember Bitcoin in 2017, these things do happen. Personally the NFT space is a great pocket of peers...
Ethereum has performed a 50, 100MA Deathcross Also a new trendline has established, if this is true this trendline and hodls, the price will skyrocket I expect price to dip a bit below the trendline and recover (black circles)
Using spirals we can predict future tops In this case it points to 20k Also included a mosaic using triangles
ETHUSD is currently in a large falling wedge on the 4Hr chart This will most likely break out to the upside You can see how many rising wedges (supposedly bearish) break out to the upside on a low timeframe (4Hr) More of an artistic piece than a forecast, but the falling wedge still hodls potential I am long Ethereum Check out charts below for sharper ideas ...
***Welcome crypto community, I do daily Bitcoin / Ethereum review here, please follow, like, provide your feedback. Also if you have other chart requests please let me know*** As we concluded in the last couple of posts, it's important for Eth to cross above ~2200 resistance area. Chart and levels are pretty clear, Etherum showed a lot of strength going into...
An idea using a fib circle of the trend through the bear market Shows price sitting just above 2.618 Price may float around ~1900, 2000 until early -> mid July I hodl ETH
Structurally price is finding old support at 1300-1700 zone. Look for W-harmonic pattern and breaks above any long-term resistance trends on RSI and Price.
Scythe usually (from past observations) lead to bullish continuation If the lower band of the fib channel holds it will break out beautifully
eTHEREUM PRICE TODAY CLOSED BELOW 200 MA THAT IS A SIGN OF A VERY BEARISH SCENARIO. I AM EXPECTING IT WILL HIT 1400 AREA SOONER THAT IS PREVIOUS ATH. IF 1400 WILL NOT HOLD LONGER THEN WE CAN SEE SOME PRICE DROP AND FREE FALL OF ETHEREUM. CURRENT SITUATION IS VERY BEARISH. STAY SAFE
ETHUSDT is at resistance and the chances of a breakout look slim. Based on my analysis, that: 2K is now resistance 180 EMA is acting as resistance above 2K We will reenter the Ichimoku cloud and move down I have looked at ETHUSDT in higher timeframes (Daily and 4HR) it really looks bearish based on what I have seen, (Links below). I'm opening a short...
ETHUSDT right now is still in a downtrend, and with a strong resistance above it. ETHUSDT is at the 2K resistance and to further reinforce the bearish bias: Below the Ichimoku cloud Below the 180 EMA Still in a downtrend I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within...
This looks great Sitting just above the channel Now we just wait until the channel turns green which is highly likely with a position like this ETHBTC is very bullish based on this observation
Comparison between similar candles Only if this current monthly candle closes below the giant one formed prior is a bear market confirmed Until then, bulls have dominance, even if it seems they don't Don't get shaken out The giant wick acts as a support
ETHUSDT looks ready for a breakdown: We are above the 180 EMA, resistance-turned-support, and the Ichimoku cloud. But, we have formed a triangle, that looks ready for a break, considering the current trend is still a downtrend. The triangle will probably break down pushing us below the Ichimoku cloud, turning it into resistance. Volume has been following quite...