Ethereum crossed and closed two days ago under the 1D MA50 for the first time since February 5th. This suggests that more selling could be ahead of us but how low can the price go? We believe it will enter the green range between the 1.0 and 0.0 Fibonacci levels, which has been the Buy Zone of the two rallies of the Fibonacci Channel. It is very likely to come as...
Ethereum is bullish on the 1W timeframe (RSI = 66.069, MACD = 130.450, ADX = 40.617) as despite the nonstop rise since October, it is close to a 1W MA50-100 Bullish Cross. Last time we got this pattern was on August 17th 2020, with the price again on the 0.618 Fibonacci level, having already started the post COVID crash recovery that transcended into the Cycle's...
Ethereum is marginally bullish on the 1D technical outlook (RSI = 58.849, MACD = 64.500, ADX = 17.549) despite the despite the 19 day consolidation, suggesting strong underlying bullish bias. This shouldn't come as a surprise as the long term pattern has been a Channel Up in the last 12 months and on top of that, a Golden Cross was formed last week on the 1D...
Hello friends, today you can review the technical analysis on the 1W (weekly) linear scale chart for Ethereum (ETHUSD). The chart shows only the price and the similarities between the current market structure and price to the prior bull/bear cycle market structure and price. Each Support and Resistance Trend Line is color coordinated to match the prior cycle to...
Hello friends, today you can review the technical analysis idea on a 1H linear scale chart for Ethereum (ETHUSD). Ethereum price looks like it may be headed back down from the current price. Keep an eye on my Support and Resistance Trend Lines. The Fibonacci Retracement shows price has possibility getting back to the 0.382 level. There is also Ichimoku Cloud...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Ethereum (ETHUSD). Ethereum price looks like it is headed back down from the Support and Resistance Line. There is a rising broaden wedge forming as well. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments...
As we bounced off this resistance we had a pullback but we should see another push to break the resistance. If we are able to break above the resistance we should see a retest then could be on our way too $3,500 towards the end of the week. On the other hand, if we get a sell-off we may retest the bottom trend line, retest the upper resistance then could see a...
Technical analysis Ethereum Ethereum (ETHUSD) was able to continue its rally from the central support zone at USD 1,700 / 1,730 and work off and overcome the target zone we were targeting USD 2,847-3,000. Most recently, a sideways consolidation between around USD 2,950 and USD 3,340 has shaped the share price. At the start of the week, the coin hit a 3-month...
We just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend. If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top...
Ethereum perfectly hit our price target in the target zone of $2600-$2700 and broke out of the white triangle. It can go back to $2400 but in general it should go up to $3100. Eth looks just so bullish from each edge.
Market Overview Price Action: Ethereum has taken a major dump, dropping more than 10% from a high of $1870 to a low of $1655. It is now trying to find support in this area as Bitcoin is testing major support. Ethereum and Bitcoin is highly correlated at the moment, so it will likely follow the same moves that Bitcoin makes. Similarly, holding or breaking this...
Market Overview Price Action: After reaching a high of $1870, Ethereum has been trending down, broke down below the 200MAs, which have been serving as resistance, as can be seen from the rejections as price reached the 200MAs. Price is again testing the 200MAs, the fact that price established a higher low before retesting the 200MAs suggests potential bullish...
Market Overview Price Action: Ethereum has been rallying strongly for the past few days, reaching a high of almost $1880. It has since started to fall behind BTC, however, as Bitcoin continued to rally while ETH is consolidating, leading to a 10% loss against Bitcoin, as shown in drop from 0.0358 to 0.0317 in the ETHBTC pair. Let's see if ETH can take back the...
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview ...
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview ...
MARKET OVERVIEW Price Action: After reaching a high of $748, price retraced to the 200MAs @~$700 (where we took a long), and is now back up consolidating near the highs, giving us a bull bias. Chart Patterns: We have an ascending triangle pattern, which typically breaks to the upside, giving us a bull bias. Areas of Interest: The area(s) of interest for us...