1. D1 Double bottom from 1/25 has a tgt of ~$3k
2. H4 inv scallop has the same tgt
3. Next weekly level is abt 2976.
4. Upper TL suggests 3000-3100 tgt
Im still looking for 3k on HTF at some point, but through the weekend I expect to reclaim lower levels. 2640 is the max pain I am expecting this weekend.
Ascending triangle breakup, on Blackrock ETF news, with target of approximately $2900-3000 based upon 1.61% fib level. In addition, on the weekly timeframe when looking at the Ichimoku cloud, an edge-to-edge trade has activated and it points to the same target.
ETHBTC chart bounced off support at 0.05 and is heading for upper resistance of a multi year wedge...
Looking at ETH on a log chart we can see that each time it has pulled back it has put in a higher bottom and each of these bottoms is exactly 15 degrees apart. This a clear indication that there a inreasing rate of momentum.
Each run since the last years bottom also seems to be braking at 50% of the range above.
If the pattern continues this would put the next...
This is a weekly chart for Ethereum and currently showing so bullish signs for a continuation to the upside on the high time frames.
Current confluence for a continuation is price is retesting the top side of the 200 EMA, taken liquidity below the last low, retesting a long running trend line since the bottom, weekly wave trend is about to cross to the upside,...
Ethereum has reached the Resistance Zone at $2,850 and has shown the first signs of resistance. Should we enter a short?
How do we trade this? 🤔
The conditions are such that we should be looking for a short entry. We have three pushes up since the start of the last bull leg from $2,200, a strong Resistance Zone at the current price, and an RSI that is...
After pulling back & bouncing off the L2 in the end of January our next target is the L1 ( Major Resistance ) which is estimated to be hit in the coming weeks.
From there we are looking at a 30-50% pullback before continuation to the upside.
Sell: 3,100 - 3,300
Stop-Loss: 3,600
ETH Two Scenarios.
I daily candle will close red under resistance zone then I will Enter short.
If price will break up resistance zone then after Retest I will Enter Long
Simple chart. I posted a while ago thinking the wedge shaded in white was legitimate. While it did break down, it appears we simply formed a larger wedge pattern. Not perfect, as we've wicked above and below the containing boundaries. Moreover, Volume has been a downtrend throughout the development of this pattern. Another strong move up, totally clearing the...
Hey everyone!
2023 turned out to be a great year, as expected!
2024 shaping up to follow similar footsteps.
ETFs are providing an on ramp for traditional finance money to enter the space, with the ETFs accumulating over 9B of capital in under a month.
As I was doing HTF analysis on ETH, this fractal comparison came to light.
Since I've seen it, I can't...
CRYPTOCAP:ETH
This patten has unfolded consistently, multiple times, across ETH and many other ERC-20 pairs.
It's a simple Wyckoff accumulation/reaccumulation schematic, sweeping liquidity then double bottoming, followed by a flag at the DB neckline (w/volume) then breaking higher.
The best part of watching this unfold is from a macro bottom into the expansion...
Ethereum (ETHUSD) has been consolidating since its High at the start of the year but on the longer term, the uptrend since the October 2023 Low is intact. The current analysis is basically an extension of our previous on November 23 2023 (see chart below):
As you can see the 1W MA50/ MA100 Bullish Cross (blue and green trend-lines respectively), has been...
Ethereum retraced to the Support Zone, following the rest of the crypto market in a pullback. Now that ETH is on the Support Zone, can we expect a bounce?
How do we trade this? 🤔
I think it is probable that we get a bounce back up to the Daily 30EMA, but I do not believe ETH will break it. We may have witnessed the first leg down in a 2-legged pullback for ETH...
As Bitcoin, Ethereum also have its own cycles. Of course, it's absolutely correlate with Bitcoin cycles and with liquidity-business cycles. But all the time we ask ourself - Where are we at the moment, in which phase of the market we are?! So, let we see and follow...
Long-term. Going higher.
Short-term. Pullback imminently continues.
ETH has gone +150% in 18 months, so a -20% pullback is completely warranted. I'd estimate April-June to be the buying time. Lots of people will get their tax refunds and that is usually a good liquidity boost for all markets.
INDEX:ETHUSD has sold off from the recent high down to a critical support at 2406. This support is the 50% Retracement of the Year to Date bullish thrust and also matches with the Ichimoku Kijun Sen. The Support level is also held up by the prior highs of the December 2023 consolidation range.
When analyzing this chart to make an opinion if the Support may...
The demand area in ethereum price is $2103 and we expect the ethereum market to correct the price up to this area and then start an upward movement towards the long-term upward trend for a new ceiling and reach the supply area at the price of $3293.
INDEX:ETHUSD BINANCE:ETHUSD BINANCE:ETHUSDT
