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...
This signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
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...