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 printing.
A measured move on the smaller bear-flag confirmation...
On 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 a measured move from the failed support to the bottom of the wedge...
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#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 fibs.
So keeping an eye on alt counts as well.
Below 3k where 🤨
got 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 the way up! :)
This 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 runs we can see the first run was 70 second 60 and forcasting...
In 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 also moving towards the gaps and volumes. Ethereum clearly shows on...
My 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.
overall 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
This 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 with it as I was a few days ago, but I still think the BTC...
We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target:
We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a...
🐻 Bear Flag Formation: The chart shows a bear flag pattern, outlined by yellow lines, suggesting a potential continuation of the downward trend after the consolidation. Watch for a price rejection at the upper trendline of the bear flag before a possible move down.
📐 Fibonacci Retracement Levels: Critical Fibonacci zones are plotted:
The 38.2% level at about...
Good Morning!
CRYPTOCAP:ETH Futures did not form a bearish crossover while Spot did form one.
#ETH Futures shows it bouncing at the longer term moving avg & then close above the support line, yellow. Compared to Spot #ethereum which is all over the place.
IMO still relevant to pay more attention to derivatives, like Futures.
#crypto
Bearish divergence on Daily timeframe has played out already. With Positive Divergence in play and ETH forming higher lows at strong support levels and volume surge at points 2, 4 and 6 suggest Livermore speculative chart is in play ... Go ETH Go
Ethereum has been forming two Symmetrical triangles in the pass in this logarithmic chart, the last one target was reached at $4,868 and this last one potential target could be $27,256 by Next year Spring time most probably, good luck and fingers crossed!
