After bouncing from the downtrend line, the price dropped to the support zone at 160.00 level. The price action in this zone will show us further market movements.
This zone includes the uptrend line which makes it solid. If the price bounces from the support, the market will be able to move back to the downtrend line. If the price can break this resistance, we...
Had to amend a few things. The Golden cross may just be delayed (as far as a pump) I am a noob so I am watching with great interest! ETH will pump eventually. But just in case, keep those stop losses tight folks~
Too much hype around this 'bull market' but I think we might see $102 again.
I'm not too sure but you never know! Either we retest recent highs and then drop or we break below the structure and keep dropping to $102.
Ethereum is printing interesting movements at the right place.
What could be seem as a sign of weakness could transform in a big bull.
As I mentioned in the previous idea on this pair a break above 190-200 dollars will be strongly bullish and is in my opinion a strong buy for the short and middle term.
A break under 130-140 it would be a rejection of this...
Ethereum is under downside pressure on Friday, with the second largest cryptocurrency falling below major weekly technical support. The ETHUSD pair has failed to gain bullish momentum this week and has so far found support from the $145.00 level. The bearish head and shoulders pattern on the four-hour time frame remains key, with the ETHUSD pair now trading below...
Ethereum has been influenced the most by the today’s fall, it has lost around 5% in its price.
The rate of the second most popular crypto broke the support line at $154 and achieved even $146, but then could consolidate at above $150.
If we apply the Fibonacci retracement to our 1-day chart, one can notice that the asset is located in the red zone (overbought)...
I know this is a bit late to the game for this post (sorry I was working) so this is more of an after action report at this point. On the hourlies, I saw this wedge forming up so I put in bracket orders. I felt like it would go south. bracket was buy at 165.5 and sell at 162.5. sell got triggered on news and I got out at 153 for a 7% gain.
next up im...
Target 1: 110
Target 2: 80
Blue triangle indicates the current range.
Red box is sell.
Red lines indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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Starting with the 5m chart; we can see that price is slightly overbought. Add to this that price is forming a lower high at present – and bulls really need to find some fresh capital to keep any chances of recovery alive.
On the 4H chart, price is still being supported just above the $160 zone, where a likely rising trend line will be. This also ties...