A $16.5k price may be in the cards if the 16/17 fractal plays out. This double bottom could be in and a steady climb into 2023. Patience is key. GL Holders.
COINBASE:ETHUSD on an intra-day look. Yesterday we had a 3 Drive into 1185 now im looking for a possible move down towards 1000 again before the next move higher. If we can get an AB=CD down that would set the buy side up nicely. I hope this helps. Enjoy the day. 👍👍
is the garbage fire going to continue burning? Black = Monthly levels Merlot = Weekly levels Red = Daily lvl's Orange = 4hr lvl's Yellow = 1hr lvl's Eth hit the 4hr range trend and broke its uptrend. The FrontSide (FS) 1hr combo level ($966 area) looks like a great target to keep the structure in an uptrend. The steeper the trend angles, the harder / longer it...
LONG-TERM: Bullish Gartley (slightly scuffed) with classic bullish divergence. (not financial advice)
Good news is that the rebound is happening in a stable way but for the time being Etereum is having some mild resistance at 1180 and it might need to dip lower towards 1060 and 1000$ Time to be aware, no FOMO. One Love, the FXPROFESSOR
If you can allocate money to buy a little Eth, this is a good place to get some at these low Fib levels.
Recovery momentum continues as we push back above 1150 critical and re-flip pattern line. Next goal would be to hold this zone with a possible breakout at upper long-term trendline; remember that a transition above pattern resistance may assist in this scenario. Rejection at this intersection could create another bottom with estimated low around 950-900.
Holders note that Ethereum drops to $ 800, I usually open the buy position very cautiously when I see a drop in Bitcoin and Ethereum.
We looked at Bitcoin's V Shaped Bottom and we believe that Etherem can follow. We are using the same thinking as in the BTCUSD trade idea, you can see it here: Based on these calculations, we can say that a strong recovery has very high potential to develop. We stay postive, patience and bullish. Thanks a lot for your continued support. Namaste.
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Although Ethereum is already sunbathing on the sandy yellow beach strip between $1743 and $589, we still expect it to dive into the refreshing blue stream between $906 and $666 once more to finish wave (v) in blue and wave (2) in yellow. From there, Ethereum should move upwards, crossing the resistance at $1703.
ETH has been inside the red downchannel since it BO from the blue bear flag. It seems to have formed a H&S pattern. It has to reclaim 1700 to be bullish again. Shortterm, ETH may consolidate between wma200 @1200 & wma300 @ 883. However if it is fails to breakout of 1200 soon, then the blank space in between may push ETH quickly down to the volume profile zone...
Trading volumes are declining. Volatility is falling. After returning to the channel, Ethereum began to form an ascending wedge. I think that ETH may test the resistance level, but after fixing under it, it will start falling.
Over the weekend, Ethereum broke below the lower bound of the rectangle pattern and passed right through our price targets towards a new low of 1176.70 USD. Despite ETHUSD going far below our price targets, we still maintain a bearish stance on it. As a result, we would like to set a price target for ETHUSD to 1000 USD. Fundamental factors During the current...
Ethereum is edging up, but facing incredible resistance from $1150 or so, just under our level at $1235, confirmed by several red triangles on the KRI. The Kovach OBV has lifted notably, suggesting a bull divergence. We may be coiling up for a breakout, but we need momentum to follow through before we can break $1235 and hit the next target of $1341. If we...
Ethereum Intraday - We look to Buy a break of 1181 (stop at 1139) A break of the recent high at 1174 should result in a further move higher. 50 4hour EMA is at 1175. Short term momentum is bullish. Our profit targets will be 1288 and 1318 Resistance: 1170 / 1200 / 1250 Support: 1100 / 1050 / 1000 Please be advised that the information presented on...