ETH has a perfect Equilibrium ongoing on the 4H currently.
On the Daily we will see a nice non-linear trendline keeping the lower Highs:
Conclusion: ETH is descending just like grandpa Bitcoin. Break in either direction could see big follow-through.
If you're interested in learning & appyling this knowledge as a real...
ETHUSD bounced off 191.11 where it could potentially rise further to 371.18.
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A 4-hour wedge of ETH is determined to have good support,
once ETH costs $ 193 meaning it can go up to $ 230 in a short time, about 5-7 days.
ETH BUY 190 , SL 185
TARGET 1 : 206-210
Target 2 : 225-230 .
The Perfect Butterfly pattern is defined by a B point retracement of an exact 78.6% of the XA leg. Another distinctive aspect of the Perfect
Butterfly structure is a precise 1.618 BC leg that complements the completion of the 1.27 XA leg.
PRZ (Price Reversal Zone):
1.27 AB @ 168.
1.618 BC @ 168
1.27 XA @ 165
The price may test 165 or may turn at 168. So it is...
Price has been to this same exact area at least 5 times since the middle of this month. This is a strong support area as well as previous resistance area. Each time here price bounces off, and is currently retesting a bullish trend line. Price continues to close a little bit higher each time it reaches this zone, and trend line.
I am looking for bullish moves...
ETH has seen significant downwards price movement, it broke the blue trendline, broke the 20 week MA support, and now finds support on the 50 week MA at 182 USD.
It is trading in a falling wedge pattern, which is a bullisch continuation pattern most of the time. It is coming close to the breaking point, so will it be more likely break to the upside...
Ethereum is looking weak, we are in a delicate position at this moment. We ducked below the .618 at 191, broke below the daily 200 MA, not only that but we are on a fast track to a death cross on the 1D. As far as market cypher goes the daily VWAP is currently crossed down (not a good sign) if we close this low we could be headed back down once...