Price continues to hold below long-term trendline (purple)/20EMA but support still remains at the lower buffer (dashed). At this point there's a chance we could see some recovery if consolidation maintains within the blue pattern (lower buffer to 1570). Here the lower buffer acts as an average and also likely indicates the last chance we have to hold this zone...
The RSI is trading near neutral values. ETH is back in the liquidity zone. The asset will start to rebound if it fixes in the range.
ETH as a whole is still in a wide range of oscillations at the daily level. Technically, ETH failed to break through the 1590 position, and a new bearish reaction appeared after forming a high near 1583.It fell sharply below the levels of 1550 and 1540.The low formed near 1535.The daily chart is suppressed by the moving average of technical indicators, and the...
Ethereum Price Prediction Tomorrow, Weak And Month Shark Pattern on Ethereum Ethereum (ETH) has been making banner in the cryptocurrency world with its recent surge in price attracting the attention of all traders and investors. While the market for ETH remains volatile there are some indications of that a Bearish trend may be on the horizon. In particular a...
Pivot point: 1555 Currently: Consolidating at this 1506 level , its next support zone is at 1479 Reaction: Resisted at 1625 and retraced back to 1604 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...
I can see what resembles an inverted Head and Shoulders pattern right at the recent top. Even more interesting is that the right shoulder, which is a bit higher than the right shoulder although both bottomed at around the same price, has been made as an 18-day channel as of this publication. The channel composing the right shoulder isn't completed yet and I do see...
Be on the lookout for ETH making a diamond top formation. We got a daily sell signal on the wavemaster indicator near the top and we'v been trending down ever since. We need to watch out for a break of the lower trendline. Likely we will bounce around here a little more before we break down... assuming we do break down. A diamond top formation is a technical...
Another quick sellout sends $ETH below long-term trendline (purple) with consolidation between yellow ascending average (red) and lower buffer (dashed). Signs continue to point towards further correction with an eventual drop to 1500 and then possible yellow support. If we do manage a recovery here I would assume it only as high as the prior outer symmetrical...
Ethereum still has the chance going for the 5th wave if the price stay above 1462 but a good probability will be if the price break above 1680 resistance. Going below red line (1462) the count will be invalidated.
H&S previously shared is playing out so far with the throwback just printing now, took a long here. Invalid at a loss of grey box - target the highs. R/R 5.12 Cheers
Our priority scenario in ETH is a decline in wave (ii) to $1487, possibly lower to $1408. In case of a rise above $1,600, this scenario will change.
We are in a bullish trend and just need to cool down and think how far ahead we are. After the poor-performed data of Jan. caused the financial market to pull back, gold, forex, and U.S. stocks made gains of rebound last week. But the crypto, affected by the delayed release of the Silver Gate 10K report, experienced FUD last Friday, and causing dump. This week,...
Pivot point: 1567 Currently: Resisted at 1609 and retraced back to 1595 Reaction: Consolidating at this 1539 level , its next support zone is at 1524 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...
50EMA broke down 200EMA (4H TF) Ethereum continues to move at the range boundary. I believe that the asset will continue to decline after it has fixed below the range boundary.
Nice hold at long-term trendline (purple) after 50EMA finally crosses below 200EMA; current consolidation is still around the red line, or yellow pattern average. Recovery is still a possibility if we maintain above the buffer zone (dashed) however the gap (window of opportunity) between this zone and 1650 resistance is lessening. At this point it's tough to...
Hello, welcome to this ETHEREUM /USD update by CRYPTO SANDERS. CHART ANALYSIS:-Ethereum (ETH) remained mostly volatile during Monday’s session, as prices remained largely unchanged. ETH/USD fell to a bottom at the $1,557.36 mark to start the week, a day after trading at a peak of $1,574.23. This drop sees ethereum trade in the red for a fifth consecutive...
$ETH currently trading at $1564 Our CTT (Coinlion Trend Trader) told us to SHORT ETH yesterday at $1562. ETH did not break the resistance of the falling wedge (resistance since November 8th of 2021. There is a selling pressure between $1677-$1739 There is a buying pressure between $1464-$1505 Exit point before : $1606 Our entry point (03/05/2023) :...