The price has broken the main trend line in blue colour on 2D. The purple horizontal lines are liquidity levels - this is where the price always heads to. Keep this in mind.
The price has tested Ichimoku support (red colour line of the light green cloud) couple of times, but did not break it.
Currently the price is moving up either within an ascending wedge...
Here is my view for ETHUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We have a falling wedge on ethereum. Looks like we could see higher prices soon. We could dip before going up but I think that we could go straight up from here.
We broke down out of a bearish rising wedge and it looks like we are starting to create a bullish falling wedge. Inside we also are creating a bullish harmonic pattern. It is a bit rough so not a clean one but the reversal point is right on the golden 0.618 FIB level for the rising wedge. I think that we should most likely bounce on that level and if we don't...
I am neutral right now because we need more information. I drew in different possibilities that I think are possible. If we never touch the trend line again then we would most likely dump down. If we do touch and break through, we have a chance of running up to the next resistance. Even though the target is around 2.8k, I think that we would get rejected at the...
Looks like we are running into resistance and also looks like we have a bearish divergence on the 1hr chart. I would not be surprised if we had a pullback here. We could possibly pull back to the .5 fib level creating a right shoulder for an inverse head & shoulders.
Can we keep riding this up-trend blue/orange lines? I think if we fall below and spend more than 3 hours below we could retrace to retest
middle 1500's. but I think most likely we will keep momentum to reach $2180 within 24 hrs. Just my opinion hope you have a great day and great trade.
Last idea still playing out .
The advent of Double Top Pattern and the possibility of a downtrend formation with targets of $ 200 to $ 220
There are no doubt digital currencies, (Crypto Currencies) have a very good future. But it is important to take them as an investment (like stocks) think about going long at the bottom prices.
In the case of Ethereum, according to Elliott waves in the...
Market in last 24hrs
-ETHUSD saw an uptrend after rejecting from 408
-Price volatility was high. The market moved ~4.88%, between $408 and $389
Today’s Trend analysis
-ETHUSD expected to move sideways as Bollinger Band squeezing and acting as resistance
-Price at time of publishing: $395
-ETH’s market cap: $44 Billion
-Oscillator indicators are mostly neutral....
Market in last 24hrs
-ETHUSD moved sideways being above the midline Bollinger Band
-Price volatility was high. The market moved ~4.47%, between $397 and $380
Today’s Trend analysis
-ETHUSD expected to see an uptrend after getting rejected from 390 got support from midline Bollinger band
-Price at time of publishing: $396
-ETH’s market cap: $44...
Relative Strength Index: The RSI is currently at 59 points. It recently peaked at 65 which was a result of the rebound from the bear trap. At this point, the RSI will try to stay within range as we've seen previously. At the same time since the RSI is leaning on the high side, the market has plenty of strength to make another move.
Bollinger Bands: The price...
