As usual .. I am correct. lol... The amount of trolls that I got for this post were astounding.
These trolls were likely people who bought at the very top and are emotional. These trolls tend to not have any charts posted of their own as well... I hope that these people learned their lesson and are making better decisions with their money... Enough of that.
No...
As the trend is changing after losing a huge dip its moving upwards but gap is reducing and looks like its not going to go very high but right now the trend is on the high side.
I've personally put ALL my assets onto cold storage and waiting for price to recover all those big pumped green vector candles that our good friends, the market makers have kindly sold to all those traders that bought using leverage...so their essentially in a loss on those contracts they agreed to. This "pre covid" line , imo, applies to all the coins that...
Ethereum (ETH) / Great British Pounds (GBP)
1 week time frame
HEAD & SHOULDERS PATTEREN
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Enjoy
SolarFX
It's all about accumulation and distribution. Does the correct price level look like accumulation? I do not think so.
Look for accumulation patterns off of old order black/demand zones. See where the high stopping volume areas are and evaluate/analyse from there. Patience is extremely important in crypto. if you are lookiing to hold long term and get in at a...
ETHGBP D1
Back on the daily here, this is why I feel we have more room downside, still awaiting test of major supports across a handful of other crypto instruments, BTCUSD has already broken downside and retest.
£1300 is indicated as major support. From here we could look for consolidation/corrections.
ETHGBP D1
Same stands for ETH. We are a little clearer here with regards to trading zones. But we are really looking for some volume if we are looking to trade this pair, or happily sit on DCA entries for long term investments.
ETHGBP D1
Much clearer here for Ethereum GBP, flat trading zones, measurable trading zones, more of what we are used to.
Latest S/R zone holding after we broke and subsequently retest.
Another example of an Inverse Head & Shoulders Pattern making the absolute target and now come down to test the 21EMA and neckline!
NB: Bitcoin similar outcomes.
BINANCE:ETHGBP
R/R ratio 1.56.
EMA 21 moving down to touch EMA 50 1D.
RSI close (yet still above) midline. It had crossed the signal line about 1.5 hrs before.
MACD crossed top-to-bottom the signal line (~40 min ago), trending down.
4H: Bull
D: Lateral
W: Lateral
ETHGBP D1
Again, another setup taken from last week, higher timeframe daily candles take a little longer to unfold, obviously. However, new week, it's important to highlight the full watchlist from the start and follow through what unfolds as expected!
More aggressive selling pressure on ETH as compared to BTC. Hopefully we see a bounce from £2300 up towards...
ETHGBP D1
Very much the same investing stance on ETH as we have on BTC. We are looking for these daily support trading zones where we can look to average our entries to increase our position size.
The first support region (DCA entry point) would be £2350 ish, or as low as possible around the support region, you'll note we dipped to £2300.
A break beyond this...
KRAKEN
