Ethereum has sold off with the rest of the crypto market, but is maintaining the broad range between $1017 and $1235. We were running into resistance below $1235, confirmed by red triangles on the KRI, and were unable to even reach $1235 or even $1200. Currently, we are finding support in the low $1K's, and we anticipate $1017 to hold as a lower bound. The...
Rising wedges on both ETH and BTC , these patterns have have high success rate , best to wait for the breakdown out of wedge before going in but since I have caught this at the top of the wedge I will go in now.
Pivot Point: 1110
Currently: Resisted at 1056 and retraced back to 994
Reaction: Consolidating at this 1173 level , its next support zone is at 1228
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ETHUSD Weekly neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *(Short-Term) Bottom Watch. Cryptos are seeing a relief rally after a majority of them have now seen 80%+ drawdowns (ETH is down -82% from November 2021 ATH). A more dovish stance from JPow tomorrow may be bullish but with new home purchases going down and inflation continuing to...
A $16.5k price may be in the cards if the 16/17 fractal plays out.
This double bottom could be in and a steady climb into 2023.
Patience is key. GL Holders.
COINBASE:ETHUSD on an intra-day look.
Yesterday we had a 3 Drive into 1185 now im looking for a possible move down towards 1000 again before the next move higher.
If we can get an AB=CD down that would set the buy side up nicely.
I hope this helps.
Enjoy the day. 👍👍
is the garbage fire going to continue burning?
Black = Monthly levels
Merlot = Weekly levels
Red = Daily lvl's
Orange = 4hr lvl's
Yellow = 1hr lvl's
Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it...
Good news is that the rebound is happening in a stable way but for the time being Etereum is having some mild resistance at 1180 and it might need to dip lower towards 1060 and 1000$
Time to be aware, no FOMO.
One Love,
the FXPROFESSOR
Recovery momentum continues as we push back above 1150 critical and re-flip pattern line.
Next goal would be to hold this zone with a possible breakout at upper long-term trendline; remember that a transition above pattern resistance may assist in this scenario.
Rejection at this intersection could create another bottom with estimated low around 950-900.
We looked at Bitcoin's V Shaped Bottom and we believe that Etherem can follow.
We are using the same thinking as in the BTCUSD trade idea, you can see it here:
Based on these calculations, we can say that a strong recovery has very high potential to develop.
We stay postive, patience and bullish.
Thanks a lot for your continued support.
Namaste.
According to my point of view and considering the trend that LL was hit at 993 and after that market follow the upward or advancing trend. so following the trend i took entry at 1183 and placed the stop loss at 1170
