As mentioned back in December 2021, Ethereum (ETHUSD) was at the start of a corrective mini-phase that we previously saw in October - December 2016. I made a case back then that ETH was replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a...
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Last time I looked into Ethereum (ETHUSD) was at the beginning of the month, where I presented a trading plan based on the break-outs of the Triangle on the 1D time-frame: Now that the price broke above the Triangle, causing a bullish break-out signal as per the strategy, it is time to look into ETH again but on the 1W time-frame as we are ahead of a critical...
Ethereum is currently testing its 1D MA50 (blue trend-line) and even though it has marginally broken above it three times since December 09 2021, it failed to hold a sustainable rise and got rejected under the pressure of a Lower Highs trend-line. The very same Lower Highs trend-line has been seen during the previous correction and subsequence Accumulation Phase...
Like all crypto market, Eth has reversed strongly from my pointed-out sell zone yesterday and what took 48h to gain was erased in only 8 hours, giving us a strong clue about the bearish momentum. At this moment the cryptocurrency is trading exactly in 2400 support and a expect a clear break under soon. Bears can target the next important support at the 1750-1800...
Hello Everyone. In this chart, I plotted what I expect to happen next for Ethereum. Although some were expecting ETH to outperform BTC, the reality is that alts are often topping after BTC, so it was following a similar pattern to the king. There was a fake-out at the All-time high, signalling the reverse trend. From there, ETH has formed the first primary wave...
Hey traders, today we are monitoring ETHUSDT for a buying opportunity around 3800 zone. Once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
It is possible that ETH is replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a corrective mini-phase outside the Triangle that extended for roughly 9 - 10 weeks and only found Support on the previous Low. This time Ethereum broke above the...
When we look at the chart we can see that the price is going back up a little. We can also see that the price broke a possible descending wedge and that is also a good sing of the trade going up. What we could see now is a little drawdown back to the descending wedge to do a retest of the level. Once we get that I would increase my position if the volume and...
Even though BTC Correction and the effect make other coins correction too include ETH but seem having strong support around 3926-3994. The correction around fibonacci 0.382 area also price above EMA 50 TF 1D and EMA 300 TF 4H. Good sign but wait for confirmation break out.
Ethereum "has held" very well in this correction, with a concrete floor at 4k. Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
Hello everyone, Some of you have personally asked for ETH targets and charts. Here we go, my ideas. ETH and BTC have now successfully bottomed out, Yes you heard me. This was the floor. Now the fun starts. ETH has perfectly retested the previous broken CUP n Handle continuation pattern and ATH. We have now a continuation which will bring us to 11k by the first...
Though I really want Ethereum to continue the rally and get to the next higher high, I am concerned that the rising channel may lose steam with lower volume and RSI still high. Lastly, if BTC can't stay sideways or rising, there may be a correction in sight. Be careful trading. I enjoy creating scenarios. What are your thoughts? Comment below and hit the like...
ETH dominance potencial forming triangle and if make a push up and support it then this scenario is valid
It has been a while since I looked into Ethereum but what a better time to look at it than now. Ever since the May high, the price has been trading inside a Triangle. This pattern resembles the June - November 2017 Triangle which was the last accumulation phase of the 2017 Cycle before a final parabolic rise that formed the market top just below the 4.382...
ETC is consolidated at 50 and 55, now according to me it should move to 60 and further above. Double top has formed at 74-77, we might see another fall form that point by this month. You can buy when price moves up and daily candle closes above 54. Like out idea, comment and follow
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
ETHUSD followed the general bearish market sentiment yesterday and as all cryptos, registered a strong (almost -25%) correction. The unique feat for ETH is that its correction stopped exactly on its 1D MA50 (blue trend-line). My long term outlook on Ethereum is the following and I've last updated it on July 28, shortly after the break above its 1D MA50 gave a...