After the previous post of ETH, the Bulls broke out of the upward triangle and encountered the Bears near $4000 dollars causing the price to fall and forming a smaller version of the Cup n Handle.
This time not with an Ascending Triangle in the Handle *(as shown on the large cup n handle on the day chart)* but a Symmetric Triangle.
This makes it a little more...
Ethereum - Intraday - We look to Sell a break of 3294 (stop at 3371)
Prices have reacted from 4025.
Short term bias has turned negative.
A break of bespoke support at 3300, and the move lower is already underway.
Our profit targets will be 3062 and 3016
Resistance: 3500 / 3600 / 3800
Support: 3300 / 3200 / 3050
Guys look, this thing on ETH / USD showing pretty similar movement in different scale. In between February and April we had smaller triangle with same price action inside.
I think this year price will made similar movement. So next stop might be 2600 before another leg up towards 4000 and 5000-5200.
So long term...
ETH has become a little bit slower and is not moving as fast as many expect. Good opportunity here. ETH has broken out the double bottom pattern. I am planning to DCA in till the support ~ 3500. Target is going to be 3850 (10% profit). My stop loss is going to be set at 3400.
Here we have to watch ETH, the previous entry was fulfilled and exceeded expectations...
We had a violent move to downside yesterday, holding out on its previous level of resistance as can be seen on this chart, it is the peak of the previous entry.
Monitoring a new fibb measurement we can see 78.6 was closed on this morning, being touched twice now. Strcuture...
Ethereum rebounds from $3,000 to above $3,400 but faces intense resistance between $3,500 and $3,600.
The IOMAP model reinforces the resistance between $3,500 and $3,600 from an on-chain perspective.
Ethereum has, in the last one week, focused on securing higher support, especially one that is strong enough to prevent losses from stretching below $3,000....
There was a lot of market manipulation yesterday, Litecoin being a particular example. It's hard to predict how the market will behave now. But from a technical picture, Ethereum is now in a local range. At the same time, the price is pushing towards the middle of this trading range. This is a signal for a breakout level. If ETH breaks this level and tests it as...
The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop.
At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells.
In such an instance 2250 is my first target
Ethereum above 3.3k would change my bearish opinion
Ethereum has been holding up very well during this pullback with us still able to hang onto some key levels, including this ascending channel, we are currently sitting on the bottom of the channel holding on strong and i think the market is starting to rebound, if you take a look at my last TA talking about the BTC hidden bullish divergence the same thing actually...
Ethereum is locally in a range. If price breaks through and tests the lower boundary of the range as resistance, the next target will be the local low, under which the bullish stop-losses are located. Also, the price could break the upper boundary and test it as support, if that happens, the next target would be the upper marked area.
Write in the comments all...
ETH / USDT
We succeeded to predict last bullish movement from 3200$/3300$ to 3800$ in last ideas (around 20% gains)
📌 WHAT NEXT ...
I watch price action here
as ETH try to hold around key resistance 3800$ and BTC is around 50k + usually September months in past had some corrections like 10-15% for BTC after bullish August
I don't say history must repeat but...
ETHEREUM is approaching it's Key level *previous major level (resistance/support/resistance).
Unlike most of the times that we look at BTC to make analysis and prognosis for the market, at this stage ETHEREUM is the one chart that decides if we will have a Bullish or Bearish next couple of days.
If the price can breach over this level the chances of a second-leg...