Is Ethereum about to correct to 700 dollars?There is growing evidence for it. On the above 10-day log growth chart price action has been riding the ‘mean’ log growth line for a little over 1 year now. Throughout this whole time price action trades within an ascending channel, a bear flag. Within this bearish channel a smaller bear flag is pri
Key data points
Previous close
—
Open
—
Day's range
—
About Ethereum
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). It's the chain that birthed DeFi (decentralized finance) and started the NFT craze which saw billions of dollars pour into cryptocurrency. Safe to say, it's one of the big dogs.
Ethereum rising wedgeOn the above daily chart price action prints within a rising wedge pattern since first testing 3000 dollars.
The rising wedge pattern is a trend continuation pattern. In 82% of cases it is observed the exit is bearish.
The wedge pattern is also a reliable predictor of price action forecasts. Take
About BW indicators...Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
We have not disclosed the detailed settings and formulas of the indicators below, but we will disclose them in the future when we deem i
ETH Elliiott wave out look. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH Roadmap bullish variant.
It's been a month. 🧵
Timing for the wave 4 of this variant on track.
Important things are W2 count reliant.
Alternation, Geo, and fib
Ethereum $ETHgot me one time on the bearish side short term :) INDEX:ETHUSD
Ethereum looks primed for doing this bull flag short term after the market overall turns bearish today with CPI News. We know that Inflation peaks seasonally in April so let's do some health for crypto and the Indicators and heal on
ETH Monthly Long Haul ForcastThis is a monthly chart of ETH highlighting the rate of change in the slope of the trend from bull run to bull run. While still very bullish on ETH the rate at which the trend is exausting can serve as a useful tool in forcasting "potential" targets in the future.
Looking at the two previous bull
Clear bull case for EthereumIn addition to INDEX:BTCUSD , INDEX:ETHUSD is also showing a short-term downward trend in a bull flag. This is very bullish on the whole, but in the short term, it should bottom out again to shake off the bulls in the leverage. Ethereum has always provided a clearer chart than Bitcoin and is als
ETHUSD morning updateMy primary bear count has ETHUSD in primary wave 2, forming a regular flat. Wave A of II was a zigzag, wave B was a regular flat, and wave C should be an impulse, with wave (1) of C already complete. Looking for wave (2) of C to be a WXY, completing in the 3650-3850 area.
long term BEARISH on ETHER. Buy at 1200$ sell target 9000. Jun23overall bearish....
macD is trending neg
RSI has more space to drop (overall still above 40 but space to go down)
My target is low 1000's
Bull target is approximating the next fibo time cluster to correspond to 9000$ (close to red line)
Best wishes
ETH into Classic Bull Trap ZoneThis trade didn't go too well for me in BTC but today's another day and I'm a gluten for punishment.
Still have BTC shorts on. Largely because I'm noting the indices moves and think BTC may correlate to risk and if the indices are making local breaks BTC may be a catchup trade. Not as comfortable
See all ideas
