So Ether has dropped a lot from its record, around 60% last I saw. Classical TA suggests we may be nowhere close to where this bear market ends.
So, the ominous head and shoulders top got activated with the recent drop. The measured objective suggests a drop below $1000. Should it happen? Of course not. Will it happen? We don't know. But after looking at a few...
Level lost, support turns to resistance and the outlook is gloomy amidst a new Global Pandemic, called Stagflation ('Inflation + Stagnation').
No valid support for Ethereum, unlike Bitcoin chart on which we can see support:
Situation scary and $1400 mark is a valid scenario. Be aware.
As excited and happy we was to attempt/post Long on Ethereum again, we were...
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#Ethereum 4H Line Chart
#ETH Bearish But We can See Bounce till High ($2250-$2400) before Leg Down
Last Short Was Very Perfect
Keep in mind If break Recent low then Upward Target Invalid otherwise We can see $2250-$2400 again
The sideways movement across ETH and other Cryptocurrencies represents the slowdown after the large fall..
Often this happens because market moves SLOW down and Traders on the opposite side move in, creating more of an equalibrium.
Ultimately, News sentiment causes a larger move to Change the direction. This is why you need to be on the RIGHT side of the trade...
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
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ETH has created a nice head and shoulder pattern and on the support we can see that the structure is already completed. With the recent sideways on crypto market we can clearly spot it out as if its a bounce or a breakout on the support highlighted. Here on the short term timeframe I will be keeping an eye closely to spot the breakout or reversal breakout on the...
We are trading below the cloud and along the don trend of it. It feels we may be breaking down sharply in the near future, providing we stay below $ 2,150 for now.
Strategy is SELL @ 1,940-1,980 and place a stop-loss above 2,150. Profit order 1,475 for now.
Hello all, and welcome to all my new followers.
Looking at ETHUSD on the daily or on 4HR timeframe, we see a confirmed formation of a bear flag pattern. This pattern has a potential downwards move all the way down to $850 which is another 55% drop. This is very realistic and more like the real bottom of this cycle.
The $850 is a huge level of support and the...
Intraday - We look to Buy at 1731 (stop at 1669)
1700 has been pivotal. 1730 has been pivotal. 1717 has been pivotal. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1898 and 1948
Resistance: 2080 / 2140 / 2200
Support: 1950 / 1850 / 1700
The pattern Ethereum has created over the past 18 months is identical to the first cycle before it mooned big time. The red pattern is a copy of it I tried to over lay so you can see it’s literally identical to the current cycle chart. Once we recover a little and the trillion dollars that was taken out of crypto ones back in it’s going to create a title wave of...
Ethereum – the world’s second-most famous blockchain network – is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). Its cryptocurrency is listed under the symbol ETH and is also used for various transaction costs on the Ethereum network, such as gas fees (which can be infamously high at times).