Ethereum Update 6/4/22A conclusion can be drawn from the RSI that price is in a similar position as it was in 2017 (white circle)
This correlates with the bear market fibonacci circle which shows both periods of growth in the 2.618 fibonacci circle (2.618)
It also correlates with the 50MA, which is present in both scenarios
A big move is coming if the larger trendline drawn is now the dominant one
Ethereumusd
What ETHUSD's Monthly MACD Will Look LikeThis is the MACD pattern that we are looking for
this relates closely to my previous post regarding waves and eth, however that was a weekly chart
This MACD structure is extremely bullish
Ethereum Sell a Break Setup.Ethereum - Intraday - We look to Sell a break of 3298 (stop at 3371)
We are trading at overbought extremes.
A higher correction is expected.
A break of bespoke support at 3300, and the move lower is already underway.
20 4hour EMA is at 3300.
20 1day EMA is at 3000.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 3103 and 3033
Resistance: 3400 / 3500 / 3600
Support: 3300 / 3200 / 3100
Ethereum in a parallel channelEthereum has been consolidating in a ascending parallel channel in a 4-hr time frame.
There is a negative rsi divergence there.
We may short Ethereum once the parallel channel breakdown.
Support/target levels or there on the chart.
Can wait for a entry, Once it retest the parallel channel support we can enter the trade and hold it till our target price.
ETH Buy a break setup.Ethereum - Intraday - We look to Buy a break of 3053 (stop at 2978)
Daily signals are mildly bullish.
A break of yesterdays high would confirm bullish momentum.
045 has been pivotal.
The previous swing high is located at 3045.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 3259 and 3339
Resistance: 3050 / 3200 / 3280
Support: 2980 / 2920 / 2880
Ethereum Sell a break setup.Ethereum - Intraday - We look to Sell a break of 2738 (stop at 2801)
Daily signals are bearish.
Buying at the start of the week has stalled and prices are reversing.
The trend of lower highs is located at 2820.
A break of the recent low at 2740 should result in a further move lower.
Our profit targets will be 2584 and 2524
Resistance: 2840 / 2880 / 3000
Support: 2780 / 2740 / 2700
ETH Sell into a rally.Ethereum - Intraday - We look to Sell at 2748 (stop at 2811)
Daily signals are bearish.
Preferred trade is to sell into rallies.
2755 has been pivotal.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 2581 and 2511
Resistance: 2620 / 2680 / 2750
Support: 2550 / 2500 / 2450
Ethereum under triangle's supportEthereum also recovered some losses since late January, but, unlike Bitcoin, the last leg up just touched 3k, around 8% lower than the first, giving us an indication that the coin is weak.
Looking at the chart we can see that a symmetrical triangle has formed and now the price is under rising trend line support.
Triangles are continuation patterns and the target for Ethereum is 1700 which is in line with a very important horizontal support.
EthUsd back above 2800 would put a pause in this scenario.
ETHEREUM LONGS 3000📉📉📉📉 Expecting bullish price action on ETHEREUM as price is filling a H4 bullish imbalance and rejecting from a POC X2 Volume Profile area + Bullish orderblock on H4, we have a bullish market strucutre on the H4 as price keeps making higher highs and higher lows with bullish BOS (break of strucutres)
My target is above 3000 institutional figure..
What do you think ?
ETHUSD Alternate Bear ViewPerhaps I have been looking at ETHUSD wrong so far, and have been dismissing the bear calls. We may have already seen the top. As suggested by this chart.
Similarities on the MACD can be correlated to points in ETHUSD's history
The last time we saw a sharp dive on the MACD like this was at the end of the last bull run
Bears will control the market if the MACD fails to make a successful bull cross on this weekly timeframe
A bull view
ETHUSD Critical AreaETHUSD Is at a critical price point, this has been seen as a line of support using this indicator in the past
If it repeats and bounces off bullishly, we will be seeing some big moves coming up
The MACD shows similar inverse H&S structures, in the rectangles are the seen and expected move for the MACD's future.