ETH has been a channel. Now, it is about to hit the upper level of the channel. But because of the low volume and that the upper level is nearly same as the MA200, I believe it will get rejected from that level. In that case, I will stop loss if the price closes above MA50. Otherwise, I am gonna hold the position until the next support level.
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ETHUSDT is breaking the falling wedge pattern. The momentum indicator starts pointing up in the neutral area, indicating ETHUSDT has the potential to move upward to the target area.
The roadmap will be invalid after exceeding the...
Ethereum could be forming a large pennant with an upside target of $6.2k .
Path may not be exact, accumulating and staying the course makes sense. Know when the structure is broken and where you could be wrong.
We could see a short term pullback to form a cleaner structure of the pennant, with a pennant break out around october november. This is on the...
After breaking trendline support and forming Bearish Flag afterwards, Ethereum has now recently been broken down of that Bearish Flag along with successful retest which can be seen by clear downward rejection from micro 0.5 fib level. My current target for Ethereum for now would be in 2.7k range as it has good support in that region consisting of Micro 1.618 fib...
I sent an analysis in previous post that we have a bullish pennant pattern on 1H/2H TFs.
We are seeing a larger view here to remember that we were bullish on $ETH before and the real show is about to begin !
As I always mention in each $ETH analysis, "ALTs will follow"
We have a nice bullish pennant pattern on 1H/2H timeframes.
We had a gorgeous bullish pennant pattern on higher TFs before and it's still valid. I will post that next.
We may see a good rally on $ETH and of course ALTs will follow.
Good luck !
$ETH - argueably the strongest asset on the crypto market rn, just look at the amount of up candles on the daily with virtually no pullbacks
But, now we are coming into the OTE of the huge downmove
The downmove which never actually broke weekly structure to the downside, only the daily
Thus we can look for shorts within these Daily Bearish Order Blocks, which is...
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Etherum is facing a resistance which can make it fall to $2400 or rise to $4000.
As seen on the chart, Etherum just completed it's Double bottom (W pattern) race with a breakout and a pullback above the supply zone.
A break above the current resistance zone takes Etherum to $4000.
But if price is...