Just a short update. We had minor move down to $ 3,825 area and then a sudden move above $ 4,000 handle. It shows that the bears wishes to control the scene, but sorry to say, I feel it will be painful when we see a decline back towards $ 3,087 38.2% FIB correction, which I feel is very possible.
Looking for a possible bullish continuation on the current bullish trend on ETH
This ter thee market broke above the 28/03/2022 high. This is the same high that I have been tracking on the BTC.
Looking for ETH to rally towards its ATH at 4951.83 .
A break of this high I will track the Fib extension high and looking for possibility of the market touching the...
ETH just broke above 2022 March-April resistance. which currently turned into support.
bull intact as long as price above to stay above $3400.
next resistance 4200 , 4800
MACD momentum = bullish
A nice close on yesterday's D1 to allow for some additional consolidation in the 3900s.
However a sudden dip ended weekly below zone likely indicating upcoming correction.
The goal line has been adjusted to 3685 which should be the lowest support point for bullish continuation.
www.tradingview.com
As above.
Rising wedge present on 1W has a ~60% chance of a bearish break once it violates the bottom trend line. Potential targets if this bearish pattern occurs is ~$1300, $1000, and back to $900 low.
Will follow.
Good luck traders.
Ethereum should pull back here and present an opportunity for a sell position. Personally, I would just buy more once it drops, and we should be clear to all-time highs sometime this week.
The candle of Ethereum bottomed out on the lower ballinger band, making ways for the price to increase.
The Relative Strength Index looks good as ETH RSI has bottomed out as well, which is a bullish momentum.
The only confirmation we need is the MACD line to cross above the signal line. Looking at the volume of Ethereum, selling pressure is decreasing.
Whales...
- i am far to be Elliot Wave expert and to be honest i am not a fan.
- there's a lack of precision and EW can be extended.
- Don't forget that the real name is " Elliot Wave THEORY ".
- included a Fibo Analysis + Trend Analysis + famous bubbles.
"The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to...
On this 15 minute chart from the candlesticks, supply and demand zones are tool drawn.
The resistance trendline and flat bottom form a triangle pattern. The Fibonnaci retracement
tool is used to find likely targets which are also pivots to the left. The dual TF RSI indicator
by Chris Moody shows both the faster 5 min and the slower 60 min rising over the...
Hello everyone, let's discuss and plan our strategy for the new day!
In general, ETHUSD is continuously heading towards new highs. It is currently trading around $3,936, after reaching $4,002, marking a 1.13% increase in the day. The upward trend is strong as it consolidates at a high level with stable trading activity on the 4-hour time frame.
My strategy is...
Price struggles to keep above 3900 dropping us back within the correction support zone.
Fortunately PA held in for 50EMA alignment though unfortunately strengthening resistance.
Avoid closing D1 near the dashed red line which could trigger a shooting star and early reversal.
Our main focus should be a weekly close at 3900+, keeping in mind that price has been...
Hello Everyone,
ETHUSD is currently trading below the daily pivot point, suggesting a potential test of daily support ahead. Despite this, the bullish trend remains robust. There is an expectation for ETH to continue its ascent, and it remains heavily overbought. Should the daily support falter, a retest of weekly and monthly support levels could be on the...
ETH Is break out a one hour time fream and rested the time fream and taking support in time frem
Entry at 3024
SL will be swing low
And Target will be all time high
The movement of Ethereum is different from the movement of Bitcoin and it is possible for the trends to conflict. Analysis will be available on the ETH/BTC chart.
I cannot change my mind on the possibility for a solid correction. usually in these markets, we remain and add shorts, and SL are placed far away.
The RSI is extremely high, and we have good resistance coming up.
Strategy SELL between $ 3,800-4,000 and place SL above $ 4,350 and take profit @ $ 3,078 for now.
Confirmation that the MACD crossed above the signal line. This is a bullish momentum.
The RSI level may be heading to the overbought region, but on the 30 minute timeframe, the RSI level is not.
This is a trading idea for the remainder of the day (Central Time).
In terms of the Bollinger Band, the candle hit the lower bollinger band, which is indicated in a...
