Hi every one
Ethereum / U.S. Dollar
🔵Last time we talked about Ethereum,we Explained to you the Situation of it and how ot needs time before ascending further.now the correction has been completed and the price has started a bullish Trend from the support zone which we talked about.now we Expect The price to reach 5k soon because not only it is the Top of...
Ethereum "has held" very well in this correction, with a concrete floor at 4k.
Now the price is challenging the upper side of the recent range and a break above 4.4k would open the door for 5k and even higher
As long as the price is above 4150k bulls are in total control and only a drop under 4k would be bearish
Are we headed towards new highs? Is ETHEREUM ready to keep flying and reach Pluto?
Well, maybe. You know, nothing is 100% sure in life. The closest thing that we all have to perfection is confidence and belief in our analyses.
From a technical perspective, after piercing through an important level of resistance, the price has come back to re-test it. The same...
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What did you see in chart pattern? #2021-11-30:07:00 AM GMT+7 #ETHUSD #Analysis
You can BUY entry when price will be throwback in killing zone.
Type: Technical Analysis
Trader: Day Trader
Entry: Any timeframe below TFD1
S/L: Exit trade/Cut loss when strategy confirm.
This is my analysis on Eth, comparing it to the 2017 cycle, during the period of Nov/Dec 17, price formed similar structure as to current price action.
There were previous rejections as resistance(Blue box), price broke above making a higher high. it then pulled back to the previous resistance as support(Green box)
Price then proceeded to go up 260% at the top....
The Bat Pattern is a 5-point retracement structure that was discovered by Scott Carney in 2001. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg...
I find the Macd is very interesting when it comes to Eth and the daily chart. After the macd crosses on a dip there’s a large run. Right now it looks like that’s what we’re getting. Let’s hope history repeats itself.
from TA point of view, ETH looks much stronger, as it is only into sideways mode...
MACD currently try to cross over.
ETH still pending for a solid BO above 4600.
fail to break above 4600 will continue sideways.,
fail to hold above 4000 , might go visit 3600.
these are the big-picture decisions that will make you or break you in this market.
a couple of months ago, i plotted the path to $5.3k and explained why i planned to take profits at that level. the price action since then has me convinced that taking substantial profits at $5.3k is a must. price has now developed a rising wedge.... inside of a rising wedge......
ETHUSD price has not touched what I consider to be support levels of $3600-3700 once, so I don't think ETHUSD price is already in a downtrend, as of now the price has risen back above $4300, but the market may not be ready to break higher again. According to exchange flows, traders are not in a hurry to sell all assets. For now, the main selling pressure is coming...
ETH is approaching resistance, but will it break out here.
We have some strong Bullish momentum from a breakout of resistance on the ETHBTC market.
BTC looking bullish but lethargic right now. I personally think we are going to test and reject from here and retest 4.2K.
Then a breakout within 2 weeks,
1st target = 5.5K
2nd target = 7k - target of H&S...
Big rebound for the crypto market; bulls proved me wrong on this one.
I expected a bit more hesitation from the new Covid variant but perhaps the announcement was just FUD.
I'd like to breakdown yesterday's post to show how one could have interpreted my misinterpretation correctly:
1. A double-bottom pattern was illustrated with a 4350 breakout zone. Noting this...
Ethereum looks to be strengthening which is a bit of a divergence from Bitcoin. We have broken through $4450, and are in the middle of the vacuum zone between $4450 and $4670 at the time of this writing. We are seeing the Kovach OBV pick up, suggesting there may be legs to this rally. Watch $4670, as this is the next target and level of resistance. Should we...