Hey guys, we broke eth ascending wedge pattern in addition to respecting resistance at the TP zone while breaking the 4H support zones as well.
Now we wait to go towards our entry! LET GOOO!! New crypto guys need to hear this... corrections are normal... If you are freaking out over drawdowns or loss of profits it's likely you are risking too much, homies
GOOD...
I still believe Ethereum will correct sharply for a few weeks but I reconfigured my drawings and adjusted my correction estimate.
I have a potential top at $2200
Then I have decent support/ potential bottom in the high $1400's
I now have $1280 as a potential bottom instead of $850-900
I admit it's possible I'm not bullish enough but 3-5 week price...
I don't get why ETH has so much trouble to breaking 1840$ resistance. Got rejected 4 days in a row.... Let's hope that the next daily candle be the final attempt. We have strong support @ 1775$ - 1800$ levels.
Watch a quick 4min video for a detailed chart and technical analysis to determine whether this is THE correction or only a minor pullback.
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Your support is appreciated!
Many thanks,
BlockTechEv
If bullish scenario is in play, I would expect to see some bullish extension moves as we get closer to the finish of this wave ~500 to ~540 for a wave 3 top. More bearish under 370
In the 1W timeframe the green line is going to the side in this new current candle and gives us the appearance of a potential bounce off the red line that we have seen in the 9D TF earlier. In the high TFs we are clearly still in bullish sentiment and will likely to continue to move up as the mid TFs (1W-9D) appear to be bullish with a lot of room to go. In the...
ETH has bottomed
Possible next target is 480$
it got rejected from 480 last time. lets see if it can break this and move towards 600$ which is our next resistance level.
Today we will take a good look at ETHUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the ETHUSD!
Let me know your thoughts and what other pairs you'd like me to...
hello traders,
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