TOTAL3:BTC, ETHEREUM, and ALTS
12.30..21
0637H +8 SINGAPORE
Still, on vacation mode celebrating the holiday season. I am back for a day, working on my end year analysis.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
Trading what looks like...
Crypto assets are very risky. It is not investment advice.
We are not little players. We are not afraid. We will turn on the light for Altcoins in turn.
This is an Ethereum signal. Ready.
Ethereum Prime Signal.
new corona cases and deaths, closures are predicted to lock people into homes, fund managers and miners in the market continue to collect bitcoins....
Ethereum is struggling with an important support level. This is the last defense of bulls to take back in control IMO. If it breaks this support I expect a crash to $1.7K and then a pullback to 3K level to complete the right shoulder of a huge H&S pattern and then the real bear market kicks in with the target of $1.1K.
This scenario can be played out in case...
ETH has previously hit the red line in this bull run once,
after testing the middle band (yellow) for awhile, another breakout should occur towards my 8 - 12K prediction
This indicator easily represents the price action we have been seeing for the past few weeks
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock/Crypto coins to take a retest after the breakout, it may also...
Ethereum - Intraday - We look to Buy a break of 3213 (stop at 3157)
With signals for sentiment at oversold extremes, the dip could not be extended.
Trend line resistance is located at 3180.
20 4hour EMA is at 3150.
The previous swing high is located at 3212.
The medium term bias remains bullish.
A higher correction is expected.
Our profit targets will be...
Here is the update for ETH USD. It does not look good for long positions because of VOLUME and CANDLES. So watch the trendlines and be aware. We are still neutral, but bears could be close.
Az we can see the red uptrend channel is evolving to to the ghreen one and Its slope is decreasing. 2700 could be a strong resistance, but in the worst case scenario 1800 would be a barrier to falling to lower levels. Though, overally, In the long term period 6700 is an ideal target.
Ethereum - Intraday - We look to Buy at 3661 (stop at 3569)
We have a 61.8% Fibonacci pullback level of 3660 from 1706 to 4868.
Dips continue to attract buyers.
We are trading at oversold extremes.
We look to buy dips.
Daily signals are mildly bullish.
Our profit targets will be 3924 and 3994
Resistance: 3800 / 3900 / 4000
Support: 3650 / 3600 / 3500
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...
Ethereum - Intraday - We look to Buy at 3861 (stop at 3779)
Daily signals are mildly bullish.
The trend of higher lows is located at 3850.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 4088 and 4148
Resistance: 4080 / 4120 / 4180
Support: 4000 / 3900 / 3800
Looking at the chart marked out, what we can see is that ETH is clearly trending in a bullish manner. Placing a fib on the last impulse we can see we have 2 blue zones of importance marked out that the price can potentially move down into for a further draw of liquidity. The 200 day moving average also lies within those zones that can potentially act as a level of...
Before I start to talk about ETH I would be grateful if you could like, follow and comment your thoughts about the idea or crypto in general
Ethereum had a pretty good run so far and in this stage on the market it's not really easy to say were we are going from now on. ETH has a support at 3600$ and a resistance at the 4100$. The coin is in a descending triangle...
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...
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
