Posting for tracking purposes, will elaborate if I get time or if it starts to come to fruition. My original expanded flat is invalid now, however I am still tracking it in BTCUSD.
Possible play for ETH. $300-$330 was my target for ETH looking at Elliott Wave fib ratios, and this would line up well with that looking at this channel and some indicator fractals.
ETH/KRW fibbonacci ext
straightforward extension chart. waves 1,2,3 fit nicely in the fib
The 1.61 level would be ideal for profit should it break out of where it's at now.
feel free to comment. thanks
Currently watching this ending diagonal on ETH. Might climb to anywhere between $425 and $450. Could go higher, could fall short.
I think following that we will see one more drop, retest previous lows or we could see $300. This move is near done, just need to find some support.
No particular targets here as of yet, may update, but am still out of town with poor internet.
ETH needs to hold this channel support or else further lows are to come, obviously. Just wanted to post this as something to watch in these trying times.
Despite what people may think, three-drives are actually a reversal pattern. Although this initially looks bearish, and it is, it's safer to trade it upon confirmation. Once completed, three drives indicate exhaustion of a trend, and can be played similarly to most other harmonic patterns. What we look for is three consecutive price swings in the same direction,...
Wanted to post this quickly for tracking purposes. I mentioned this potential inverse head and shoulders play in my post on Bitcoin earlier this morning. I'm curious to see how this plays out given the current juxtaposition of price relative to the pitchfork channel. Historically, I would think 61.8% retrace, but the PF is saying 38.2%.
*NOT TRADING ADVICE*
This is just a quick post to track ETH's price movement. We have bounced cleanly of the 1.272 fib channel line of the Andrews Pitchfork. If we are going to find a bottom anytime soon, this would be it.
I will try to post a more in-depth analysis later.
After the crash the up trend is confirmed for a short period, but it doesn't seem to break up the resistance line. The stochastic shows down trending divergence.
This is not a financial advice, only for entertaining purpose.
Here is an alternative harmonic that could be playing out for ETHUSD. This would have our target be around $1,250-$1,300, which is another level I was targeting yesterday. Then downwards to the 0.618, 1.272 and 1.618 of the AD leg, etc.
*THIS IS NOT TRADING ADVICE*
1st support (weak): 1350000
2nd support (strong): 1180000
Anticipating the price reversal will likely occur at 2nd support.
Will enter after confirming the price reversal.
i was wrong in eth calling
reason is volume is so low
Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals...
Cryptos move in 33- 45 day cycles - maybe it's news that has caused these patterns to emerge who knows. Price has tested the 0236 level and the bulls sent price to a level that couldn't make a Higher high. Price may return to test the swing low and then head toward the TL and as you can see the same shape of the corrective wave and time coincides with the 161.8...
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