the previous resistance at 1200 become a resistance and have held in the last few days, if not broken it will fuel the upward trend of ETH, if broken, that I believe an unlikely scenario, we could see a steep decline to the next support around 800.
The market has had four 35% dumps and followed up with extreme bullish momentum and volatile price action. New ATH after ATH.
This time we will see the same happening. This is far from over and still is very undervalued.
People are bearish because of emotional losses but we all know that most people cannot hodl through the full bull market.
NEXT TARGET -> 2000...
With less volatility ETH has a lot more to offer with the incoming ETH2 protocol. BTC bull run may slow down with energy issues being an issue in the press, giving rise to ETH2 which is working to overcome the energy consumption and speed issues. A slow rise is healthy. Im long to the moon on ETH!
Sounds like BNB and Polkadot could be on its heels though, what do...
Bad news for those of us who were expecting an immediate rebound. A symmetric triangle (blue triangle) has forming since February 23rd, with base around 1253 EUR and top at 1423 EUR. It's final confirmation would be when rebounding at 1309 - 1314 EUR. Depending on the way you consider its height, the expected drop would be around 1145 EUR.
In addition, a flat...
Bullish Cypher pattern form on the 4 hour chart.
TP #1 at 38% fib retracement of C-D leg
TP #2 at 61.8% fib retracement of C-D leg
I am not planning to sell at that point anyways. I am still long for years to come.
HEGIC is in a 4 hour parallel channel and it appears it is reaching the bottom of it.
Hence it has potential for the next upward swing, which if it follows through could mean a 2x on your investment.
The chart is showing the HEGIC € value (for my EUR view trading purposes).
Hegic has tremendous potential as it provides a platform for on-chain peer-to-pool options...
We can see lower highs and lower lows forming in all short term timeframes. Unless ETH breaks this descending channel in the next 1-2 days, the eth bull run is over (normally a 2 day retracement is not a bad thing after such a bull run, but considering Eth futures launch on 8th Feb... Expect very high volatility). I highlight a potential small daytrade long entry...
Ether in December 2020 implemented P.O.S. technology.
This is the part of the fundamental analysis that I think is most interesting regarding the possible increase in the value of ETH in the future.
Essentially, each node will have to freeze 32 ETH for at least 2 years to receive a portion of the transaction validation fees (staking) and to collect both the...
After 12 months we can now draw a Rounding bottom pattern and, in all likelihood, we can expect it to be close to completion.
Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
So to follow this turnaround pattern could be a good trade.
Best of Luck.
ETH is braking out!!!
on the 2 hour time chart we see a inverted head and shoulder patern forming,
the down was 11%, so according to the head and shoulder patern, after the right shoulder, we go 11% back up again.
This looks like to be enought to brake the level 1,0 fib.
If he breaks, the next goal is 2100. I think that is realistic.
In my opinion this is a good...
So, another ta from me. First explain: the orange triangles are identical, even as the lines (ctrl c- ctrl v). as you can see, the the lines have the same distance from eachother, so i think its logical that the price goes tot he next top of the orange triangle.
Butt before he reach the next top, i think ETH first go down to around 1016.92 (0.5 in fibonacci and...
After a brief correction, ETHEUR is back on its ascending rally. Right now chart is forming a flat top triangle (blue outline triangle). As can be noticed, its height signals the price range, which is around 1500 EUR (thus, it will test again that price). Momentum, MACD histogram and KDJ in the 2h timeframe are below underbought levels, so even if...
The bullish trend isn't over yet, so unless you're an intraday trader, don't panic.
The latest ATH at 1510 EUR signals the exhaustion of the flat top triangle (B, orange) formed between January 19th and February 2nd. However, one must consider that some traders would picture a larger flat top triangle (A, blue) formed between January 10th to...
ETH/EUR on the 1H timeframe shows the formation of yet another ascending triangle suggesting that a push towards the upside is likely. However, for this push to take place we will need more volume, as it now seems lower than previous days but i am confident that it will increase when the green candle will be closer to the resistance of the triangle ( trend line...