ETHUSD has been one of the surprises of the post-March collapse, having broken above its June 2019 High, while BTC is lagging. Despite this success that has revived investing interest on this coin, there is a certain pattern that holders would want to see breaking upwards as it comes with strong bearish bias. ** The Channel Up on 1W ** That is the Channel Up...
This is an interesting find I came across while comparing ETH's current cycle on the 1W chart to BTC's previous (2014 - 2017) Cycle. As you see Ethereum, not only follows Bitcoin's Bear Market structure but also the consolidation that took place after, which led to the Bull Market rally. When that consolidation broke to the upside and the price pulled-back to...
Well it appears that this is the sequence for Ethereum since late April: Pump-Rinse-Repeat. More specifically the last two Pump sequences (April 21-30 and May 21-June 01) have been around +37%. After their peak, the price pulled back and consolidated within a Cup pattern. As mentioned this has been done twice already. Right now, the 3rd sequence has began and...
Another simple study on ETHUSD making use of the MA20 and the LMACD on the 1M (monthly) chart. As you see both showcase strong bullish signals. In particular, the LMACD made a Bullish Cross in May but the important thing is that Ethereum has been making Higher Highs since, indicating a sustainable uptrend. On top of that the MA20 has turned bullish for the first...
Ethereum is trading within a 1 month Channel Down on the 1D chart. This is the second Channel Down in a row it has been trading in since April 20th. The first was invalidated when the price aggressively broke to the upside and hit 254.00. The broader pattern is a Bearish Megaphone that started with the June 26th peak. The same Channel Down in a row pattern took...
SparksterSignals hasn't done a manual analysis of ETHUSD for a while. Looking at the big picture on the monthly chart reveals MACD momentum is becoming positive and price action via Heiken Ashi setting also shows positive momentum. However, the 2 week and 1 week time-frames look like time for consolidation so we're not expecting fast price appreciation quite...
Before we start please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** The Bearish Megaphone and Death Cross ** ETHUSD is on a strong 4 week rise since the $90.00 bottom. That bottom was made on the Lower Low trend line of the Bearish Megaphone pattern that started with June's $365 High, so technically...
Pattern: Channel Up on 1D. Signal: Bullish near 225.00. It is a symmetrical pattern of the April-June uptrend. Target: $360 (just below the Resistance Zone).
Buy ETH/USD Entry 1 192.20 Entry 2 189.14 Entry 3 187.96 Sl 181.19 Tp.1 200.42 Tp.2 205.42 Tp.3 210.10 Tp.4 214 Tp.5 220 Tp.6 240
Buy ETH/USD Entry 1 155.30 Entry 2 152.60 Sl 150 Tp.1 160 Tp.2 166 Tp.3 170 Tp.4 178 Tp.5 186
I have been into ETHUSD for a very long time and was always interested at the fundamental similarities with BTCUSD. I always thought that Ethereum was repeating Bitcoin's first Cycle and even published this study: I am not going to go into much detail on this analysis. The candle action resemblance of ETH with BTC's first cycle is striking. I am gonna leave...
With Ethereum approaching again the 1W MA50 on the dominance chart, I thought it would be a could time to look at its key indicators, RSI and MACD. Both show a Bullish Divergence despite trading on a Falling Wedge printing Lower Lows. Do you agree with this chart?
Pattern: 1D Falling Wedge. Signal: Bullish as the price is approaching the Support Zone and the pattern is close to exhaustion. Target: 230.00 and 280.00 in extension.
ETH has reached an important support level consisting of both the Higher Low of the 1W Channel Up that started with the 2018 bottom and the MA200. This technically creates the ideal long term buy entry. Since the 2019 uptrend strategically and methodically targets the Lower Highs and Lower Lows of the 2018 Bear Cycle, it is logical to assume that the next target...
Haven't looked into Ethereum for a while and the reason is because it has been trading on an incredibly steady bullish pattern. The price has been accumulating, then spiking to a standard peak, profit taking. Then the process is repeated. What stands out as the strong signal of an upcoming rise is the crossing of the MA50 and MA200 on the 4H chart. The MA200...
Ethereum is on a Rising Wedge since it bottomed in December 2018. Every top has a decreasing rate of -34%. This indicates a slow rise to 198.00 in June before ETH either pulls back for a final accumulation or breaks the Rising Wedge aggressively upwards.
Ethereum is close to a 3rd test of the 168.50 1D Resistance. If it is crossed, then the 1D Triangle is broken and the price should target the next 1W Resistance at 250.50. Buy on the break out. My long term outlook: