Another example of an ascending triangle just in the hoven. We will see very soon the breakout of the top, but not without going down first. Volume speaks by itself.
We created a pennant within the big triangle. Looks like the price will play around the pennant for a couple of days and after that could break it down looking to touch the base of the big triangle. This big triangle actually look more like a rising wedge than anything else, and you´ll know what happens when a rising wedge is formed after a big long term...
The near-term outlook of the Ethereum market has turned bearish following a quick dip below Key Level 1 at 135 that broke its near-term market structure. Though Vitalik is still clinging to that level for dear life, that tiny drop of blood he spilled into the calm waters is enough for the sharks to home in for the kill. It is just a matter of time before his...
As we have already been accustomed to, any aggressive movement like the one registered in mid-February, is followed by a period in which the price is searching for a new direction.
These alternating intervals, which are already common for the entire sector, are making this market to be more interesting.
From the technical perspective, we have the Stochastic...
Ethereum as number 2 cap during " great depression on Bitcoin" (3200$/per Bitcoin) was worth 82$.
Upon Bitcoin rebound was among the first one uptrending and gaining most thefore uptrended 82-157$ (while Bitcoin was moving toward 4200$ and failed in "previous round").
In % terms that is nominal USD gain of 91% which is very impressive having on mind we talking...
Please take this analysis not too serious - but take in mind nevertheless.
As the most of the cryptocurrencies Ethereum has had a really bad time since beginning 2018. It has lost 94% from the high to the low. The lowest price on bitfinex was 82$. Todays price is at 134$.
Fundamentally it doesn´t look too bad for the token, the last hardfork (constantinople) has...
Hey Traders,
Hope you're having a great weekend!
The 4-hour chart of ETHUSD shows that the rally from $102.78 to $170 can actually be seen as a textbook five-wave impulse in wave (i) "blue" of 3.
.
According to the Elliott Wave Principle, a three-wave correction in the opposite direction follows every impulse pattern. And indeed, the rest of the chart reveals...
After an accumulation range with higher wave top and higher wave bottom, price pulled back into the 50% Fib level with a buy pivot printed on the daily chart.
A sum pull back on Wednesday in to 50% fib of the previous day is a good sign that all the supply has been absorbed. I'm happy to get long here with as target of $865.
Was listening to the market analysis on the Crypto Degens Podcast last night and 'everyone' was bearish on BITFINEX:ETHUSD . They think the last pump was a bull trap; I see it differently. It was a good pullback to get in for what could be the start of a trend on the Daily to get out of the cloud. I'm long BITMEX:ETHUSD from the Daily level of 136.24.
Hi guys, although this is getting boring, at the same time the price has printed the way that we are going to follow soon, so you can be quiet just by placing yourself correctly in the market. Many think that we are leaving the bear territory and mooning just because alts did a very good performance in the last couple of months, but how many time have we seen it?...
