Like all crypto market, Ethereum has dropped hard Saturday night and spiked down under 2k important figure.
As normal, a recovery followed and, at the time of writing, is trading at 2250.
I expect a new leg down, and I'm looking to sell around 2.3k
A sustained rise above 2.5 would negate this scenario
My last prediction came true.
The price rallied from support to resistance.
The price fell from its all-time high of 2514.41.
Broke the resistance line 2261.12.
And it dropped to support 2099.26 (January 2021).
The price bounced off this line and stopped again at the retracement 2254.44.
Welcome to this analysis about Ethereum, we are looking at the 30-minute timeframe perspective. Since Ethereum has shown up with paramount bearish declines in the last times it somewhat recovered and testing previous levels, this recovery however is not yet fully strong and as marked in my chart Ethereum has this major resistance-cluster in the structure...
Our updated Ethereum chart.
It has gone really well using the Ethereum chart. Take a look at the video and give us a like or some feedback.
Check our previous ethereum ideas, they have been spot on almost perfect!
With a strong R value of 0.85, this is a strong linear regression trend
I find 2200 a nice entry point, just above the middle of the regression trend (for traders)
Ethereum price looks very healthy, with a wick extending to the top of the Gaussian Channel
Weekly ETH looks just as good
Digital Diamonds !
The use of the Fibonacci (FIB) retracement tool and Phoenix Ascending indicators to predict the ETH price in the near term (1D, 2D, 3D, 4D). Please note that the Phoenix Ascending indicators are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated and described in the chart, the white energy...
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I hope the weekend was profitable and productive! As I said, we are starting this week more productive than last. Believe in yourself and do not hesitate for a second!
The previous idea obeyed my direction and reached the valley of resistance. This is a good sign for our...
ETH dropped like BTC (see below my BTC idea) with a nasty wick down yesterday that took us all the way under $2,000. This shows bots panicked a bit and a liquidation cascade took effect. Over $1 billion was lost in liquidations yesterday... nasty. Reminder to not use leverage and if you do don't go over 5x...
Having said that, price is currently in search for...
Simple ABC correction followed by 5 waves within the 5th Wave of this bull Run, I will take profits immediately after new ATH is reached.
BCE meeting on thursday will give the spark to this new ATH, that i expect will be reached during the weekend. Narrative will be "digital Euro, blabala..." show me the graphs i will tell you the news.