ETH ran too fast too quick, Breakout traders are trapped here and if the prices trades lower they will be forced to liquidate their positions this in line with the FED meeting one the 27th and another rate hike this could easily playout. Above and hold above 1600 i will cut and change go long.. for now short with target marked with circle.
ETH (Idea) - Looking for wave 4 retracement before we get the final higher high. Let's see.
ETH crossed over the mid term EMA looking for a small correction to profit off
#ETH printed the Rising Wedge on the monthly TF. We also can see a flip beyond the RSI 50, which is usually followed by a significant dump. ❇️Support 1 : 835.53~675.58 ❇️❇️Support 2 : 367.65~290.08 ❇️❇️❇️Support 3 : 133~77.44
ETH should hold 0.066 ......................................................................................................................................................................
ETH, like many currencies, is not in a good position. In my opinion, the long-term situation of the market is declining until the price reaches the weekly support. I do not believe in the head-shoulder pattern, but this pattern has a great psychological effect on traders. The overlap in Fibonacci is a bit scary. But in the medium term, we will see fluctuations...
ETH broke out of the triangle and now looking to retest before going long!
ETH (H1) The roof is its own descending channel Due to the slope of movement and negative divergences from Tonkan in 15 and 30 minutes, we are waiting for further price correction. Negative hidden divergence is evident in the 1 hour time frame. It can move to the bottom of its channel according to the pattern AB = CD.
ETH wave 1&2 appear to be getting worked out. Soon we should start wave 3. I attempt to articulate my EW analysis in this video. Happy Easter everyone Big Mike loves you all and good luck.
ETH has been in a Symmetrical Triangle & now a Break out Has Happened and It's a Bullish One! So we can Be Sure That a Good Bullish Movement Will Happen That will Satisfy The Bulls! Just Like Last Time, It Is Expected That the Price Would reach 3700$. The Price has Got Above 3k Once again which is a Good Thing ! If Ethereum Manages To Break 3300$ We Shall See...
ETH must flip that top TL into support at $2,950 or the bearish abcde triangle analysis will play out. The compression is building so a break is coming coming. One way or the other. With DXY gaining strength I lean towards $2,000 being tested as a spring.
ETH has several left shoulders, a nicely formed Head, and right shoulders being formed! If we break the neckline don't be supprised with a 27% drop!