This is the local weekly distribution and the 123 setup I mentioned in my last post
I pulled the fractal from the 2019 bear market and flipped it. It seems as though we are currently in a macro accumulation phase, where we just formed the Sign of Strength in Phase B by taking out the highs from the Automatic Rally. On a smaller time frame, this entire channel upwards has been a re-distribution forming. You can see a daily bearish divergence...
Price able to recover just above 1600 but resistance at 1645/pattern/50EMA still holds strong. Although we're in the green today momentum is still fairly bearish unless we break pattern. A test at the dotted green/1545 is still a very likely scenario. www.tradingview.com
Etherium weely analysis you can easily 10x your portfolio within 1 year if bottom out eth . Stay tuned with us for more Analysis.
BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global...
Take a look at our analysis for ETHUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1632.9. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1527.7 level. P.S We...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Ethereum - 24h expiry - We look to Sell at 1628 (stop at 1668) Although the market broke to the upside in early trade, bespoke resistance at 1740 capped the gains. Majority of the initial daily gains being overturned. Short term momentum is bearish. Short term bias has turned negative. A break of the recent low at 1630 should result in a further move lower....
A rough start to the month after price fails to push 200EMA resulting in an H1 and D1 crossover. Given that the second red daily fell below the prior green body a rising three is no longer valid. Assuming today closes in the red we can expect tomorrow to drop as low as 1545. In order to keep recovery chances we should look to close both days above the dotted...
Harmoinc patterns can be a great way to fool a lot people. This one is a great example. This looks like a bullsih crab for ethusd, and if that’s the case then we will have a bullish first week of september.
Rainy and cloudy weather 🌧️ is ahead for the global crypto market over the next 24 hours due to SEC's ETF delay. But a slightly bullish sun will shine on Ethereum and Bitcoin over a one-week horizon ☀️, while smaller altcoins like XRP, Binance, and Cardano face cloudier conditions, signaling a bearish trend with downside risk. 📉 Follow us for more crypto...
A successful close off yesterday's daily ends in a tough rejection at 1715. High volatility has brought us back within the orange highlight with testing at 1640-1645. Look to close today above 1670, or preferable around 200EMA, to setup for a possible D1 rising. With D1 50EMA crossing 200EMA we are in a very bearish situation if momentum continues. www.tradingview.com
Hello my friends, how are you doing? Here is the full analysis for this pair, let me know in the comment section below if you have any questions. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Today I want to talk about ETHUSD Before that, I want to remember It's not financial advice. so, just see and think...
Ethereum has been in an ascending triangle for months now. I expect a breakout between the 66% and 90% which corresponds to the end of October and the end of March respectively. If we break to the upside, I expect it to climb 3000-3150 USD. If we break to the downside, I expect it to fall to 1000 USD. Statistically, ascending triangles break out to the upside,...
Using the non log chart I have plotted a rise from where we are now. Hopefully we see some more bullish activity in the market soon. I am bored. up plz.
A strong hold at 1715 prevents increased correction volatility as MACD enters convergence. With price at 1700 we can assume a good level of support, noting that based on yesterday's close this value is closer to 1690, or 50EMA as general reference. Dropping to 200EMA is still valid as long as it doesn't close out daily. Look to avoid a possible double-top if...
The 50EMA broke up through the 200EMA on the 1H TF. Price is testing 50EMA as support (1H TF) I think the asset will rise after the support is retested.
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈 📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern. 📈 How to...