Ethereum bounced off the equilibrium of the 4-Hour Bullish Order Block (OB) almost to the pip but was then met with resistance at the 4-Hour pivot where it is currently trapped below. The bulls need to break this pivot currently acting as resistance to maintain any bullish momentum they may currently have, but they will be met with heavy resistance by the bears...
well the point is you can't get fooled again. " Magical words once spoken by one of the greatest orators of our time, George W. Bush. I feel like I've seen this ETH song and dance before. If you like fractals that probably won't play out this chart is for you.
ETH/USD UPDATE Ethereum on logarithmic weekly chart very bearish , broke key TA level at 100 ma on weekly chart, this is usually a very bearish signal.recently found resistance at the 9 ma ( another bearish signal ) We remain Bearish on eth unless it can break over the 100 ma with volume .. remember this is a long time frame which means a long term trade.
What is the price for that hard drop to be followed by a bounce? I'm posting up the price range from a historical perspective and recent support lines. Observations: BTC - has more downward trend and the weekly BTC charts show since August we have had higher lows and lower highs, showing sideways movement with no clear direction (like a symmetric triangle)....
ETHBTC the classical double top with the small rising wedge.
Zooming out is always a good idea to get a wider scope of what's really happening in the grand scheme of things and suppress noise. In this case a weekly ETH/USD chart clearly shows us a double top and falling with no support on sight and all indicators pointing down.
Let's put it to the test. The sentiment is mainly down, and bearish divergence is showing. Let's see if it brings us down again.
The price is below all average lines, so ordinary TA is not working good. We should look at the zones where bid bids are located.
I'm back after the holidays. On ETHUSD I found a bearish pennant, so I open a short. In August I had made this chart:
Hello guys, analyzing the biggest cryptos I would like to point attention out on ETHUSD because, in my opinion, price is close to an important supportive level. This level is a static supportive area around at 250 USD and once it is broken down I think ETH could drop towards 200 USD with first target to 220 USD. ETH during the last rebound is resulted as one of...
On the 1D chart, which is a VERY good timeframe to trade since it's so big (it DOES require a lot of patience tho) Eth isn't looking very good. After breaking up on its trend on April 24th, it looked like it was gaining ground but today with the dump from BTC, plus the huge amount of FUD that has been surrounding it lately, it is testing once again this...
Playing video games bored me, so decided to scalp ETH. Everything is on the chart ;-)
Hi Guys As you remember my last ETH analyse i said there that i don't want to see this support line broken and i even had expect to ETH make another attempt to break resistance above but it didn't try to reach there with BTC Bounces, so i understand that ETH just love to drop with BTC.In my believe when someone or something just enter a game with goal to not...
Now, we are approaching the price range of 370-400. Though it's a mirrored level, I think buyers do not have the strength to hold it, against the background of falling BTC. Therefore, I predict that we test it or with a rebound to the price zone 450-500, or immediately. The price zone 280-310 - has a large accumulation of buyers, which in the past due to this...