Price holds in at pattern support after EMA divergence gets rejected.
Further recovery is possible if we can maintain within pattern.
Still be aware of the chance of correction and the assumed W1 3k close.
www.tradingview.com
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from...
Note: This Analysis have been given initially and has so far played along,
We can now see triangle formation and play, this a pattern that is well known, hence add more position at break of previous days high, Solana has been a leader, BCT have not been finding much strength however the two are trading above the neckline expecting continuation
BUYS
I mentioned in the previous video that we might see a drop in the price of Ethereum as the ETH/BTC pair breaks lower due to liquidity being drawn to Bitcoin.
We have observed a relief rally towards the 20 EMA, following the breakdown of the ETH/BTC pair, while still respecting the 20 EMA.
Based on the previous cycle in 2019, we saw something similar as ETH/BTC...
Very intriguing bullish setup for ETHUSD and ETHBTC. ETHUSD holding support at .618 Fibonacci drawn from pivots at 4093.88 and 2100. There are different bullish counts that can be drawn from 879.80 low, will know more if price gets above 4093.88 and how price moves above that resistance.
ETHUSD move may be magnified by bullish ETHBTC setup, if low of 0.04474 can...
For some context:
Rule of alteration states that if/when W2 is a Flat then W4 can only be either zig zag or triangle.
W(4) "Guideline" (not a rule) :
When the 4th wave finishes its trajectory it is most commonly known the wave A will test the 2 of the wave 5 one degree less and wave C will end somewhere in the price area of wave4 one degree less.
If this ends up...
Bullish news testerday for CRYPTOCAP:ETH
SEC ASKS EXCHANGES TO UPDATE 19B-4 FILINGS ON AN ACCELERATED BASIS FOR SPOT ETHER ETFS: COINDESK
Pump till target area or a rejection of filing
Very likely validating the breakout up from this flag with this big candle move/close today.. If so the target is all the way up at $5034. Reaching this price target can take price well above the purple line which is a neckline to a big inverse head and shoulders pattern. Once we were to trigger the breakout of the big inverse head and shoulders target we will...
Price remains below 3125 as short-term EMAs close in on divergence.
A breakout here could send us out of pattern and to the next D1 marker at 3371.
Keep in mind the assumed W1 close at 3k, especially if pattern breakout is rejected.
www.tradingview.com
Hello Traders, today i will share my analysis of what is happening to Ethereum now.
The current Ethereum (ETH) chart shows several significant developments:
1. **Breakout from Descending Wedge**:
- The chart depicts a descending wedge pattern that Ethereum has been forming for several months.
- Recently, ETH broke out of this descending wedge, which is...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
ETH/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,048.17
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 3,126.45
There is a pullback resistance level which is...
Another rejection at pattern places us back below 3k and short-term EMAs.
Consolidation between 2878-3125 is still expected until EOW with a 3k close goal.
Note that this keeps us below pattern but may trigger a quick breakout if close goes well.
www.tradingview.com
If we break 4250 we form a major cup and handle. If we take the depth of the both and add it to the handle we have 65% chance of pumping to 6900/ 7k
this pattern is only valid if we break 4250 with a confirmation and turn it into support.
The ETH ETF may be approved this week and it would start blast off to 7k. this is compounded with congress doing a 180...
