i expect this movement to be a slowly decreasing line, down to around $1400 a sharp spike up to make it a healthy market. then followed by a strong bear market. We might receive a nice $30-$60 increase from this area but further downside is expected if we ever want to hit that new All Time High.
Lets talk about a healthy market. In a healthy market we cant expect 100% all the time what goes up must come down. I could be posting this to have the market prove me wrong, by watching what i post and going the opposite way. but with such a strong increase we almost want bears to come out and take this down a notch only so we can watch the bull market fire...
So the coin is similar to a Meme coin but has a backing by what we call WHALES. Ape will be used in the metaverse and is used for governance to control what the future of the people who have millions of dollars to spend on pictures of apes. It has the similar potential as doge coin but as for doge coin there are not whales backing the meme coin only the lucky ones...
I'm still going with the same pattern drawn out over a week ago. For a healthy retracement its typical to see the .618 get hit before any major movement. always a chance of pushing upward a bit but just to snag some stops. in my last post i posted about having a buystop above $1680 and i removed mine knowing that ETH has a tendency to follow the pattern snag those...
even out the market before we see any major change.... maybe have a buy stop above $1680 just in case buy i expect a push downward first if anything.
given the title.... lets say were in the green box.... do we expect years for the government to get their digital dollar together before take off? what if this is completely incorrect and we are expecting a (Inverse H&S) in a smaller timeframe to $1070? do we expect support and a push to $1600? before the drop? what we know for sure is.... keep buying crypto...
predicting the future isn't always easy.... but this is my insight on the ETH game always a potential to drop lower but were seeing fairly strong support around $1100 i assume it will head towards $1600 again just sort of $1600 and retrace back to $1300 before up to $1750-$1770 then we could see the drop to $600 but lets watch the chart and see where this goes I...
so $1622 could be the next stop but we most likely see bears take over for a bit at this quick of a increase in price $1475 was ETH ((ATH) All Time High)) a very important level to be breaking through. take a look at the 24th-26th of May 2021 where we have $1000 increase on $1800 we could be seeing something similar in a pattern that may continue to push upwards...
The market has been moving sideways with strong support around $1280 and $1240, but i have a feeling those buyers will be selling off with their profits while the FED like to slaughter all bulls anyways. I believe the market will continue downward momentum with no strong volume. Next stop could be $1200 for a small correction followed but a bigger red candle down...
expecting a drop to $1100 or so.... some money trapped up at $1600 but holding until the retrace... currently expecting a heavy drop possibly down to the yellow circle and a wicked retrace for inverse H&S if not sideways movement for quite some time. keep in mind if it drops fast there will be some good scalping opportunities for the move back up to keep a legit...
Nov of 2020 we saw a push above $80 lead to a high of $500 followed by a higher high of nearly $1000….. I believe a push over $80 could have similar effects in the upcoming year followed with the BTC and ETH markets going up…. Also volume is picking up at its low Just TA not FA
The orange oval is what we wanted to happen and it followed the push up with Bitcoin….. Now we can expect a push down until the yellow circle around $1620 for a scalp retrace to $1720 IF we see it drop below $1690 IF not we can expect a push up to $1922 or a bit higher with a break of $1810ish
We see indecision on the DAILY, this is the 4 hour but if we decide to get a bull run I expect possibly to $1720 Currently going with the bears on this one could see Reversal @ $1430, $1350 or as low as $1000 If we go bullish I except to buy over $1660 and a push to $1720 before strong resistance…. Just TA not FA I apologize for the messy chart just a way for...
I expect the price to retrace to at least $1450 again before take off. Although when we reach $1450 we could see a continuation of a drop in price. If we break $1620 we could see a surge in volume and the price sky rocket up. But for now we know the price hasn’t been able to break $1620 yet, it is moving sideways and if it inches above that price we will keep an...
This was my idea yesterday, I forgot to publish. Obvious H&S breaking the uptrend channel At $1720 we should see some support and possible scalp up to $1800 Overall still a downtrend until proven otherwise…. Could break $1720 and head straight to $1380, As we all know the market doesn’t move in straight lines and when it pushes far from the ribbons we usually see...
I expect the head and shoulders on the 15min to push down to the lower channel break and continue into the bear market to about $1380 There might be a small retrace to $1920 for the right shoulder but it’s unlikely. We might get some support at $1380 for a scalp trade, then continue lower Overbought in RSI on the Daily chart And 50% on the 4hr chart Not financial...
this is my idea. Breaks the downward channel, moves upwards similar to previous movement then higher. Orange ovals are an example. Purple ovals shows the market tapping off resistance multiple times. i believe we have bottomed out. If not keep in mind it may retrace as low at $2.50 but has a lot more potential to gain.