Hey guys, hope everyone is good. I have something new here, a HARMONIC PATTERN Harmonic patterns involve more than just geometric shapes. They also follow strict "rules" measured by FIBONACCI LEVELS There are several types of harmonic patterns including Gartley, Butterfly, Bat, Cypher, 3 Drives, Crab, and more. This particular pattern is called the CYPHER...
In this trend analysis, I show that Ether is close to having a huge breakout with a price target of around $3783. I am expecting us to reach this target by the 3 of April
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...
Last cycle (2017/2018), ETH popped up just above the .423 extension. These are a couple of potential 2022 targets, though it could go far higher than expected. I prefer to err on the side of conservative caution.
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 are currently in the symmetrical triangle. In the mid-term I'm expecting move to $2100- $2300 range. I estimate the breakout from the triangle on February 2022(at least).
A SCENARIO WITH 3 POSSIBILITIES FOR ETH IN SEPTEMBER AND OCTOBER In our last analysis scenario on ETH which is published recently, we have considered the possible pull back of ETH from $3600-$3800 zone. In this post, we will have a more detailed look at three possibilities on ETH movements these days. There is a "Bearish Shark Pattern" formation on ETH 4H...
ETH has a very dense market movement these days and shows great resistance. Actually, if the leading exchanges don't manipulate the market and let the ETH HODLers and traders do their trade based on the analytics and logical measures, ETH can hit new records. In-chain data of ETH based on IntotheBlock.com analysis are highly in favor of ETH. The successful...
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.
Looks like we might have a bearish butterfly playing out. If we bounce on this 0.886 FIB level than we should revisit 2k ETH.
We just broke the bearish parabola that kept driving the price down. Usually parabolas tend to retrace at least 50% or even up to 78.6%. There are different ways you can draw it in but I think that we could have a small pump incoming. But if we do get above key trendlines, we could see a massive reversal but a lot also depends on BTC. So watch that chart as well.
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...
We have a rising wedge inside of a massive falling wedge. The bullish scenario would be us coming up and touching the trendline finishing off the falling wedge but I think that we could still fall to lower levels that would hit the target of the rising wedge and then come back up. Usually for the price to break a trendline, it starts creating smaller shoulders....
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.
I think that we could get a bounce here off of the falling wedge retest. We might break that trendline or get reject and come down to the black box. Seems like there is a lot of support there. If we break that, we will definitely test much lower levels.
Looks like we are creating the right shoulder for an inverse head & shoulders pattern. Will take us to 3k. Looks like bitcoin is recovering too and ready for a bounce.