A comparison between early 2017 ETH and current price formation
Similar bottom patterns can be seen
I assume the early 2017 case is a more volatile situation due to age
A sharp recovery is still valid if this comparison is however
My third update to the bull faith cases rest are below
COINBASE:ETHUSD has a critical turn point today.
Its in the 50-61.8% area giving us a Sell signal on the completed Gartley on the smaller TF.
There is also a bigger Gartley setting up around the 1400 area which would mean that the AI would fail at this point but then we look at the 12th of July for the turn.
I still believe we have another move lower towards...
We look to Sell at 1239 (stop at 1291)
Daily signals are bearish. 1281 has been pivotal. Bespoke resistance is located at 1250. Preferred trade is to sell into rallies.
Our profit targets will be 1111 and 1071
Resistance: 1150 / 1200 / 1250
Support: 1100 / 1050 / 1000
Disclaimer – Saxo Bank Group. Please be reminded – you alone are...
ETH broke down the ATH of the previous cycle. This will be a signal for the further decline of Ethereum. If the price drop is as significant as the previous cycle, Ethereum may fall to around $390. There is a strong support/resistance level in this range. This is also consistent with the volume profile
Ethereum cost drops lower as the current week's misfortune matches back the increases from a week ago.
ETH cost is set to proceed with its decay going into the following week.
With the mid-year, the money departure proceeds, and the ETH cost is in danger of falling toward £470.22.
Ethereum (ETH) cost is disappointing dealers attempting to focus on any break...
Trade Idea: Selling Ethereum
Reasoning: Trendline support broken on short term charts
Entry Level: 1048.81
Take Profit Level: 998.11
Stop Loss: 1060.53
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
Markup was activated this morning above 1089.43
If we clear 1111 I expect explosive upside to 1713.53
If we clear 1713.53 by July 12 (7/12/2022), it can run to test resistance at 2333.93
If we clear 2333.93 by July 21st, the initial target becomes 2752.20 - can hit this by July 25th
Above 2752.20 (within this time window) and they invoke chaos with...
Happy 4th everyone!
Back to H4 today to show a broader view of the ascending triangle formation and recent PA.
Due to the volume increase we could expect a small correction back to long-term trendline (purple) before further recovery, with current resistance as 1150 critical.
There's also a chance that 1200-1250 neckline will hold to continue this consolidation...
Hello all and Happy 4th of July.
Lets take a quick look at Etherium on the daily or on the 4 hourly charts. As we can see the price of Etherium is inside an ascending triangle pattern which generally is a bullish price formation.
The bullish target for this pattern sits at around $1500 which is a 22% move up. However since ascending triangles can also break...
On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from the 1st resistance at 1177 in line with the horizontal pullback resistance and 61.8% Fibonacci retracement to the 1st support at 1087 in line with the horizontal pullback support. Alternatively, price may break 1st resistance and rise to the...
ETH broke down the ATH of previous cycle. This will be a signal for further decline of Ethereum. If the price drop is as big as the previous cycle, Ethereum may fall to around $390. There is a strong support/resistance level in this range. This is also consistent with the volume profile
Pivot Point: 1075
Currently: Resisted at 1040 and retraced back to 993
Reaction: Consolidating at this 1153 level , its next support zone is at 1237
I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊
Btw you can feel free to use our designed indicators!!! Just...
4 Hours trend
ETH/USD is forming a potential HS on 4H chart.
Also, it will build double top at first, so I use Fib with this pattern to set targets and stop level as below.
1) 1090.6-----red horizontal ray
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).