Ethereum is on an ascending triangle and wait for breakout if it happens then it would reached on supply where we can book profit.
Last week we talked about BTC bulls was stronger than NDX’s in a period of time before the FOMC, and the rebound was poised to take off. But the decision +75bp made the rebound short-lived. Concerns about the economy-recession and stagnation generated the weekend's decline. No important economic indicators will be announced this week, and the cryptocurrency market...
Could we have finally reached the bottom? I expect to see price start a reversal from here
Pivot Point: 1111 Currently: Consolidating at this 1173 level , its next support zone is at 1228 Reaction: Resisted at 1056 and retraced back to 994 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...
Bias: I am overall targeting 600-400 $ as next area. But; - Considering CURRENT price action, I will look for longs around the 1020-1070 ( 900 if) zone on light selling retest for short-term long opportunities. Or/and at a break upside the 1175-1250 ish area for a bullus bias, on sign of strength. -> Which then, I will target the 1420-1360 area. But since I am...
Short term Elliott Wave view in Ethereum (ETHUSD) suggests that the decline from March 28, 2022 high is unfolding as a zigzag Elliott Wave structure. Down from March 28, 2022 high, wave ((A)) ended at 1700 and wave ((B)) ended at 1918.17. Wave ((C)) lower is currently in progress as the chart below shows. Internal subdivision of wave ((C)) is unfolding as a 5...
The Ethereum price is $1,122.40, a change of 4.76% over the past 24 hours as of 6:48 p.m. The recent price action in Ethereum left the token’s market capitalization at $133,315,080,921.43 USD. So far this year, Ethereum has a change of -69.77%. Ethereum is classified as a Software platform under CoinDesk's Digital Asset Classification Standard (DACS). Ethereum...
Ethereum appears to be looking for support on a weekly basis.
Price is back within triangular pattern with resistance holding between 1150 critical and prior low (dashed). Another bearish breakout could send us down to the aforementioned 750 range, while a hold may set us up for first signs of proper recovery. We can note that upper long-term trendline will eventually intersect upper pattern trendline which should provide...
Yesterday’s analysis is going as predicted at the moment. Right now we are heading down to retest our support at 934. This will push up to around the mid 1200’s.
Don't get suckered into bear market rallies thinking things are going to make a spontaneous u-turn .
ETHUSD is going to accumulate now and hopefully will start acceleration soon if it will break 1st Entry point
We have reached the capitulation stage. At this moment the Ethereum chart starts to show signs of reversal. RSI shows an oversold region being hit. The volume chart shows a shadow on last week's candlestick, clear rejection of the zone below $1k/eth. ETH $35k through Dec/22.
ETH SHORT!! using ote of todays range and the imbalance we are currently in ill be building into my short, keeping sl above high with room for spread. Our target is the h1 fvg 984 but look to take some off at the low marked 1017
ETH Daily neutral with a bearish bias. Recommended ratio: 35% ETH, 65% Cash. *Cryptos are enjoying a technical relief rally that is still ongoing even though Binance didn't buy $2b of Bitcoin this weekend, the bulls are saying bottom but I think it's a bit premature with JPow due to testify before Congress on Wednesday (06/22) and PMI due on Thursday...
Our updated Ethereum chart shows grande support at 1,000 and this level managed to Hold so we are optimistic now that it can go to 1350$ for a Crucial, key test of resistance. Don't forget that we have been SHORT and posting it here for you on Ethereum since close to 5,000$ mark. In 1 occasion (level) we had switched to Long, then back to short and we HOPE that...