Ethereum (ETHUSD) filled the FTX crash gap on the November 04 High (1680) and is now showing the first signs of pulling back. This is can be the Handle of the Cup and Handle (C&H) pattern that could be completed on its 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) periods and once they form a Golden Cross, push it to the next Higher High. Our target...
Ethereum (ETHUSD) has been trading within a Triangle pattern since the June 18 2022 market bottom. It is above the 1D MA50 (blue trend-line), where it had the last rejection on December 14 and it targeting for the 1D MA200 (orange trend-line), which happens to be now exactly at the top (Lower Highs trend-line) of the Triangle and is where it had its last major...
Ethereum (ETHUSD) has been trading within a Triangle pattern since the June 18 Low (and current market bottom). The Lower Highs and Higher Lows are evident but despite the sideways price action of the past 1 month, ETH has to overcome two major price rejections, one on November 04 on the 1D MA200 (orange trend-line) and the other last week on December 14 on the 1D...
Ethereum (ETHUSD) is once again testing the 1D MA200 (orange trend-line). Being still on a downtrend but since mid-June on Higher Lows, this undoubtedly draws comparisons with the 2016 Bear Cycle. As you see ETH made Higher Lows in December 2016 and that was the bottom of that Bear Cycle as an early January 2017 1D MA200 Double Test resulted in a break-out and a...
Ethereum (ETHUSDT) has been very bullish in the past three weeks and on the current 1W candle in particular it rose hat much that it hit the Lower Highs trend-line that started on the week of November 29 2021. The test has been (so far) largely unsuccessful as the price got rejected, making it just the 2nd rejection since the April 04 1W candle. At the same time,...
*** *** For this particular analysis on Ethereum we are using the ETHUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where ETH hit today the 1D MA100 (green trend-line) for the first time since September 18 and by doing so it also broke above the Triangle pattern top (Lower Highs trend-line), which has been holding since August...
Ethereum (ETHUSD) has been trading within a long-term Channel Down since the November 10 2021 High. In recent weeks though, since the July 13 2022 Low, the price has made an aggressive run of +100%, pushed by the late bullish fundamentals. We clearly showed that bullish potential on our last ETH analysis a month ago: That rise is starting to show some...
Ethereum (ETHUSD) is currently on a minor three day pull-back following the emphatic break above the 1D MA50 (blue trend-line). The stop/ rejection of that break came exactly on the 0.5 Fibonacci retracement level, which is the middle of the long-term Channel Down pattern that ETH has been trading in since the November 10 2021 All Time High (ATH). Don't forget,...
Ethereum (ETHUSD) broke this week (chart on 1W time-frame) below its 1W MA200 (orange trend-line) for the first time since October 2020. The 1W RSI hit the lowest level ever recorded in ETH's history and by doing so, the price hit its Logarithmic Growth Curve (dashed line). All this paint the picture of a strong Support Zone. However, there is a certain condition...
As mentioned back in December 2021, Ethereum (ETHUSD) was at the start of a corrective mini-phase that we previously saw in October - December 2016. I made a case back then that ETH was replicating a pattern of its previous Cycle that eventually led to its market top. That is the green Triangle formation of March - September 2016. What followed after was a...
Last time I looked into Ethereum (ETHUSD) was at the beginning of the month, where I presented a trading plan based on the break-outs of the Triangle on the 1D time-frame: Now that the price broke above the Triangle, causing a bullish break-out signal as per the strategy, it is time to look into ETH again but on the 1W time-frame as we are ahead of a critical...
Ethereum is currently testing its 1D MA50 (blue trend-line) and even though it has marginally broken above it three times since December 09 2021, it failed to hold a sustainable rise and got rejected under the pressure of a Lower Highs trend-line. The very same Lower Highs trend-line has been seen during the previous correction and subsequence Accumulation Phase...
It has been a while since I looked into Ethereum but what a better time to look at it than now. Ever since the May high, the price has been trading inside a Triangle. This pattern resembles the June - November 2017 Triangle which was the last accumulation phase of the 2017 Cycle before a final parabolic rise that formed the market top just below the 4.382...
ETHUSD followed the general bearish market sentiment yesterday and as all cryptos, registered a strong (almost -25%) correction. The unique feat for ETH is that its correction stopped exactly on its 1D MA50 (blue trend-line). My long term outlook on Ethereum is the following and I've last updated it on July 28, shortly after the break above its 1D MA50 gave a...
As i can see ETH is ready to make new higher high as soon as this break the resistence are then i will start to make a new higher high we are rading this pair with a low risk and looking for higher rewards Friends push like and comments we appreciate ur love and support Follow us for more updates
ETHUSD is holding its 9 month Channel Up, currently having formed a Triangle within. As seen on the chart, every time such a pattern (Triangle) is formed, the price breaks to the upside. Some times more aggressive (+83%, +89%), others less (+29%). At the same time, while the Triangle is formed, the RSI prints a Channel Down (showing accumulation in process) and...
Last week I posted the following chart on Ethereum: ** The Inner Channel Up ** It was about the final Resistance level of 400 that ETH had to break before its April Channel Up (inner/ blue) on the 1D chart turned bullish again. Well it happened, as the 1D MA50 turned into Support, and the price is moving higher. ** The Outer Channel Up ** My attention...
ETHUSD has been trading within a Channel Up on the 1D chart since early April. The price has traded on the lower half of the pattern for most of the time, which serves as the demand zone for accumulation. The upper half was used so far for profit taking by long-term traders. Though this framework is relevant, the most important development of the last days is the...