Ethereum is moving in a narrow range. Trading volumes have decreased. Volatility has decreased. RSI is moving around neutral values (1H and 30m TFs) I believe the asset will reverse after fixing above the range.
Price still holding within pattern as we look to make a push back to 200EMA. H4 Chaikin is close to crossing which further emphasizes the possibility of upcoming recovery. We should try to close today above 50EMA but pattern should be safe. www.tradingview.com
Eth's price is above the cost basis of this recent lower move. In the chart I highlighted upper and lower stops for price action. Given recent S&P500 performance I would be surprised if eth goes much higher from here, imo it is more likely that we will be taking out the lower stops.
2 ways and 2 targets. Trade your Line. The decision is always difficult; in my opinion, a trend change is imminent. In the example 2 trends that Etherium could take.
It is clear that ETH is in the early stage of a new bull market cycle. Minor wave 1 of this new cycle took BTC to over $2142 in April 2023 from its bear market low in June 2022 of $880. Minor wave 2 has lasted for several months and may have ended at $1530 on 9/11/23. I'm expecting the continuation of intermediate wave (3) to continue with minor waves 3, 4,...
I dont know what will cause this sort of massive drop but its coming. I dont care what anyone says this drop in ETH is very close. When ETH went from POW to POS it opened up the network to an easier attack. Theres hundred of billions of dollars on the ETH network and thousands of projects. All it would take is for a massive ETH chain hack to completely wipe out...
ETHUSD may attempt to move higher again back towards $ 1,647.00. We are low stochastic and positive, and we are low RSI but not oversold. However, the range and pattern suggest we may have a chance to move higher. Strategy BUY current @ 1,593.00 and take profit @ 1,637.00 for now. SL let's see below $ 1,565.00.
ETH continues to hold above 1585 positioning us in the steady-recovery scenario from yesterday's post. I had typed descending but this is an ascending pattern which has been indicated roughly. Remain cautious of sudden sellout as we are still below the LT ascending (dotted green). This line may be considered as an average/turning point for the highlighted...
Ethereum / ETHUSD has entered the Rising Support Zone, which is the bottom Zone of the Ascending Triangle pattern started on the June 18th 2022 global bottom. The Bullish Divergence on the 1day RSI (Rising Support) prompts to a Bottom pattern such as those on November 22nd 2022 and June 18th 2022. This symmetry indicates that once the price crosses over the MA50...
After five weeks of trying to stay above its 50- and 200-week moving averages, the digital silver is in danger of closing below these lines and $1600 this week. The following essential lines of defence look to be the $1500 and $1200 levels, where buyers came to the coin's rescue in March and December last year.
BITSTAMP:ETHUSD is testing the extremely important support for a reversal higher continuation or a pullback lower and downside continuation
If we look at INDEX:ETHUSD from a bearish perspective, it shows potential for significantly more losses. There is a rising wedge that has 1x and 1.5x targets around -720 and ~520 on the logarithmic chart. The linear chart's rising wedge targets ~350 or near to the log chart's wedge target's 2x measured move down, which lies just above around ~375. The...
- Major Turn level / W - Visible range lvn - Pattern Break out - D / W High - FIxed Range Pov
Price fails to hold zone after a double-top formation off 1617 triggers 50EMA crossover. Recovery has brought us back above 1585 which is where we should keep for today's close. Now that we're out of the LT ascending pattern (dotted green) I see three possible scenarios. 1. Double-bottom off 1550 2. Continuation to 1500 3. Steady recovery back to 1650 Note...
TD Sequential formed an up reversal signal (1H TF) Volumes declined on the decline. The asset will bounce off support.