2h time frame - Ethereum creating a potential inverse head and shoulders. Best entry will show once break above 1883 Targets will be 1950 and 2145
Since the start of this year, the cryptocurrency market has experienced a remarkable resurgence, surpassing the $1.25 trillion mark after starting at approximately HKEX:800 billion. This market rebound follows a period where investors gravitated towards safer assets, leading to a significant decline in the cryptocurrency market. However, the tables have turned,...
Never Sell into Support! We can observe due to candle closures that we may return to previous day's lows at 1842 and ultimately 1824. The 8Hr and the 4Hr timeframes have just closed bearish after some rather large engulfing candles have printed on the Daily TF's and the weekly candle is closing in 7 hours. We may drop further on the Daily to somewhere around 1809...
Hey guys, I suppose that now is time to stop making new buy orders and focus on taking profits from your current positions. Similar to BTC's Elliott waves, ETH is running in wave 5 of this miniuptrend. So easy to see ETH's 5th wave is a kind of wave extension. To this kind, the length of wave 5 is expected to be 1.618 times the length from the start of wave 1 to...
What's up, traders! In today's breakdown, we're taking a look at some possible scenarios for Ethereum in the coming days/weeks. Let's dive right in... Ticker: ETHUSDT Date: 04/23/23 Timeframe: 1H Supply: 1920-1950 (1st red zone), 2040-2065 (2nd red zone) Demand: 1820-1850 (1st green zone), 1685-1720 (2nd green zone) Other key levels: 1880-1890 (grey...
4h time frame - Ethereum initially stop falling here and start consolidating. We need another rejection from 1930 to clear leveraged positions. At that time, a potential inverse head and shoulders will create, which target is around 1730. Further, a huge pump may move on 5/B. So, there are two entries to long, 1830 and 1730. Get ready for it!
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum already broke above a major previous weekly support/resistance area at the HKEX:1900 level. You can also see that as we are speaking, Ethereum is retesting this previous resistance which is now turned support, market...
Higher highs are indicative of a market that wants more, higher prices The bear market we have experienced is not comparable to that of the one seen following 2017, both in length and severity. We also haven't experienced the peak bull market, which is now taking its turn to come through.
An inverted H&S structure with the suggestion that the right shoulder is yet to form I would expect a recovery for the shoulder somewhere in the lower half of this channel (1) is the shoulders (3) is the head (2) are also a key part of the pattern, id call them the arms
Key areas to watch are labelled with the price point tool If we break down this middle line and support is not found there is still one lower band for support to be found The curve channel is overall bullish until the larger curve structure is broken Lets see what happens
My fibb "sharkfin" pattern. 1600$ ETH looks possible for sure, expecting bounce there.
ethereum broke a strong resistance area and rally to upside in last week now market is going to test the strong demand zone we are aiming for a buy on that demand zone as we mentioned as area of interest only buy ethereum and apply your own DCA or money management always remember discipline is the key to success in financial world and always be bullish on...
Since we are coming to the end of February in 4 days, I felt the need to do this analysis. I think the critical level for Ethereum in the monthly timeframe is $1828. This is because the moving average is at that level. I think that Ethereum, which has always followed this moving average in history, will follow this moving average again this time. The monthly close...
ETH has started to take off above the parabola that can be plotted. Previous points along this line are in green and show the bullish potential right above the trend line. The trend lines strength is shown with the dump during COVID (early 2020), rejected right on the line.
A few days ago I've written that EthUsd is ready to break above 1930 resistance and fly above 2k zone. Indeed, Ethereum has broken above both resistances and now is trading comfortably at 2100. On Friday we have a very short-lived sell-off, but bulls quickly took control, reinforcing my bullish outlook. I expect a break above the recent consolidation and, as the...
BINANCE:ETHUSDT COINBASE:ETHUSD Hey everyone, first take a look at my previous analysis and positions. As previously analyzed, Ethereum continued its upward trend and reached above the HKEX:1903 level. In order to continue the upward trend, Ethereum needs to stay above 1850. Don't forget to risk-free your position. Consider the impact of the...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum is actually breaking above a major previous weekly structure area exactly at the psychological HKEX:2000 area. You can also see that weekly market structure is massively bullish, in my opinion the bottom of the bear market...
Hey there! Ethereum price has fantastic opportunity to make further move to the north. However no one says the road will be easy. Currently price action is locked in diamond pattern, indicating for local swing reversal. Thus far, it is viable to purchase for the mid-long term along a support line in the $1340-1450 range. Patterns Cheat Sheet :