We have V pattern and retest.I thing level is very strong and it will go slow but ,go profit.
Using this cool indicator we can see the comparable points to the prior bull run ETH We are nearly at this cycles top Bars pattern is placed just to show potential price movement in future
Ethereum has seen a sharp decline after it's 4th push into the supply zone since the 23rd. We've now reached an establish demand zone in the high 3800s and seen a small bounce and consolidation just above this zone. Price is also touching it's lower trendline after a brief wick below. Downside momentum is strong and this consolidation could be sellers taking...
The 100MA has previously been seen as a point of support for price Price is currently trending just above it, hopefully this is a reversal point and we see a takeoff out of the triangle The opposing triangle direction to the previous must also be acknowledged and this places a bearish assumption however, Hopefully price just continues and avoids this emerging...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
If you are here only for the title , the answer is: ..only if the price action remains above 0.618 Fibbonaci retracement located at $3660 , then the price action is likely to move into to the 1.618 extension located at $6800 . It's really incredible how Ethereum manages to hold such high value meanwhile Bitcoin is really struggling. Every time Ethereum has...
As talked about previously i mentioned the possibility of an upcoming bear trap on the Ethereum bears, where we would breakout and close below our key level at 3990-4K faking out traders into thinking a bigger drop is coming, before then rebounding to the upside and hopefully this plays out as a bear trap because that will mean we will be seeing some nice upside...
A comparison between ETHUSD and YFIUSD there are some simarilities mostly including structural price formations The separation between the two includes the 200MA, which is rising in ETHUSD and could act as a support, while on YFIUSD it is descending Lets see how it plays out I am long ETH
Following Dow theory and based on Descending channel, its good time to short ETH. Please follow and like for more ideas. THank you
Since it became a deflationary currency ETH holders are holding much better in bearish market condition. Recent flash dump was driven by liquidations which you can see even on volume, you don't need onchain or any other tool. Since ETH broke through previous ATH resistance, the volume has been steadily declining expect for the May crash. I don't expect new low...
Hey guys, Julie here =D Let's talk about Ethereum today: ETH is kind of moving sideways since November 18, after a huge bull trend, which is perfectly normal, I think it might just be resting now. But one thing I've noticed is that the red candles have been bigger than the white ones for a while, and I don't like that, to me it's not a good sign. We have some...
ETH has been experiencing high volatility for many days, a situation strongly related to BTC but also to the manipulation of whales, the Christmas period is always full of surprises
If something happen in last bull cycle it doesn't have to happen in this cycle too, but we can play with these charts and make some predictions base on history data we got. The current ETH price action reminds me of last cycle price consolidation before takeoff. Graph similarities are great but ETH in 2017 isn't the same one as today's ETH. Back in 2017, for...
This is a comparison of 2016 ETHUSD to 2020 and current ETHUSD The 2016 daily chart shows a rising wedge or bullish wedge, leading to a massive increase The 2020 can be seen to show some similarities such as the 0.382 fib, which is a point of resistance in both cases I am doing my best to break down ETHUSD it is one of the more interesting charts to view, this is...
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...
Oldest chart you can find of Ethereum. Ethereum, in the year 2017 to 2018 made exactly 24,000%. After we corrected 50% fibo, we did a climax leaving a standard Double Bottom of the figure which is a continuation of the bulls. We broke and made a pullback that rose today 14,000%. Variation in which it is very high, which also established a beautiful straight line....