Ethereum / Bitcoin
ETH will potentially drop to the 1040 zone and go up to 1205.60 for a pullback down to the 960-920 demand zone.
This is only if historical cycle patterns continue to remain true to form. Somewhere in the 575-675 range could be the low for Ethereum.
Looking for PA at 618 and 786 of this cypher, 786 is trigger, always watching the golden ratio level.
Ethereum topped out at our level at $1235, which was our target from the last report. Momentum quickly faded and we have since rejected that level. Currently, the price action is meandering in the value area between $1017 and $1235, however the price action is rounding off, and there is little buying interest. We should see support from $1017 should we fall...
$ETH.X Analysis, Key levels & Targets Ok… I posted my last chart from Jan 17th… you guys will get a kick out of it… It is down below… nailed it… LOL So where from here?? So far, ETH is consolidating on at the 200 Weekly moving average and currently slightly below it. If you’re ultra long this might be a good place to add… but I feel like there could be...
After ETHUSD tested the early supply area, it encountered resistance and fell, and the short-term price is expected to continue to fall. The downside target is the golden ratio ratio of 0.618-0.786.
Quick sellout to position us back under 1150 critical with a low off initial pattern support (blue); look for possible reversal at this zone or the second green line. A third dashed green line was added to represent an average of the two supports and a few adjustments were made to better predict the lower point. If the lower green trendline is broken assume...
After selling pressure above $1250 ETH is testing a very important – but not strong - support level at $1105. A monthly close below this level could be really a disaster for Ethereum, as it will trigger a 40-60% fall. Except some local stops there is nothing strong to support the price. Be Careful with leveraged longs!
Update entered this trade after 3hr coch and 3hr ob getting tested. Tp hit on the 3hr ob below
Ethereum hit out price target, could possibly dip even lower to $500 before regaining strength Point A is the most bullish scenario while B represents a more conservative price target
Ethereum Intraday - We look to Sell at 1173 (stop at 1216) Short term bias has turned negative. Previous support at 1200 now becomes resistance. 1193 has been pivotal. 50 4hour EMA is at 1175. 20 4hour EMA is at 1169. Preferred trade is to sell into rallies. Our profit targets will be 1063 and 1033 Resistance: 1150 / 1200 / 1250 Support: 1100 / 1050 /...
Doesn't seem like this is a strong divergence on the 24m for this long position... You could argue that the momentum is a double bottom because it's not really showing an uptrend. So I will wait, and analyze this as more time passes. We do have a secondary long position as back up though!
Lots of things to look at here. All bullish signs RSI low, lots of bullish divergences, hitting a rejection trend line
Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the other cryptocurrencies at this time....
ETH has broken down the uptrend channel. Ethereum is moving in the liquidity zone within the downward channel, with the price now under liquidity. Trading volumes show interest in the drop in price. Price and RSI have formed a bearish divergence at 30m Timeframe. I expect further price declines if ETH fixes under the upper boundary of the descending channel.
Trend for eth plus bear flag. I want to see her move into the next low range
The 24m divergence happened, however I slept through it lol. No big deal, there's always another trade :) I just wanted to explain on the 24m chart because last night I posted the 4 hrs chart with my plan. Hope this articulate what triggers some of my trades. Hope all is well. Never fomo, if you miss a trade, just enter at the next point of confluence