it´s been a while since I posted some public updates on major cryptocurrencies so here is one.
Today after such vollatility and bearish sharp claw on lower time frames I just wanted to point out forming bearish divergence on the Weekly chart for ETH/USD pair.
4K support should not be broken (Weekly closing) in next weeks to invalidate this...
eth looks pretty hot actually,
i was wondering how it's going to get to my 5,555 target as it was slowly running out of juice lol
thanks to this little dip here, we get to refill our longs & expand even higher than the original projection. (6k+), i'll update this as we go ~
you can see my original projection right here 👇
ETH rejected the 4500. NOW WHAT?
ETH is overall bullish trading inside our brown channel so we will be looking for Trend-Following Buy setups as it approaches the lower brown trendline.
Moreover, the area 3950-4000 is a "Resistance turned into Support".
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of...
Ethereum - Intraday - We look to Sell a break of 4428 (stop at 4505)
A break of the recent low at 4435 should result in a further move lower. We are trading at overbought extremes. Expect trading to remain mixed and volatile.
Our profit targets will be 4204 and 4154
Resistance: 4660 / 4700 / 4780
Support: 4500 / 4450 / 4400
Disclaimer – Saxo Bank...
The action reaction technique was devised by Roger Babson who allegedly predicted the 1929 crash and made 50 million which by today's standards makes it probably the biggest winning set of trades in history
Dr Alan Andrews took Babson's ideas which were based on Newton's third law: and derived the Andrews Pitchfork
The Andrews pitchfork takes three major pivots...
Further correction underway as $ETH breaks below trendline. Current support holding around 4350, low of ~4300.
In the midst of typing this post, H4 Chaikin began crossing over zero line; expect a dip to as low of 4200 if momentum continues.
I could see a quick reversal accomplished through a hammer close on the current H4 candle (~4450), although since we...
Ethereum started to range. I think it needs to find a baseline around 4000. Red lines are possible entry points-supports, but personally I would enter at the bottom after rejection daily candle. This is not a financial advice. Good luck.
JPMorgan Lists Ethereum As A Better Investment Than Bitcoin
The JPMorgan note outlined how Etheruem could prove to be the better bet compared to Bitcoin in the long wrong. Bitcoin may still be the most valuable cryptocurrency, but with climbing interest rates, Ethereum could end up faring better.
“The rise in bond yields and the eventual normalization of...
ETH held support around 3,900 and swung over that 50 & 150 day ma. Now we are coming back down to test this level. I believe we hold and move higher over the coming months as ETH 2.0 hopefully comes out. POS protocols (which is what ETH 2.0 will be) is 99% more efficient than BTC's protocol system proof of work.
I gotta say, it's weird watching these regression trends form, and when the market gets bipolar over the President of the US saying he has a cold, the price action is accounted for in the trend already. It's weird, for instance, how for instance, the fractal BTCUSD has formed priced in the Omicron variant news in the previous fractal, accounting for it before the...
Ethereum has gotten a lift from a strong support level at $4450, as we anticipated yesterday. We are currently in the range between $4450 and $4670, also predicted yesterday. Kelly Strategic Management has filed for an ETF on Ethereum futures. Watch how the SEC responds to this, as ETH should rally on positive news regarding this ETF. But for now, We...
Ethereum (ETHUSD) is pulling back in a smaller-degree 2nd wave in what I'm calling a nested "1-2,i-ii" setup or in this case, a "(i)-(ii),i-ii" setup (as per my chart's nomenclature). Such setups are what Elliotticians crave as they often precede the strongest part of the rally, the 3rd of the 3rd wave!
I expect farther downside to about 3871, which would be...