First of all, we have " SEA PONEY " pattern from point X to D.
Also, it can be three attack
When the chart receives to D, a bearish market begins.
we have very powerful Fibo lines above D and it can not Pass them.
Spotted huge potential falling wedge pattern with price moving in rising wedge .
Our immediate trading idea is to wait for possible retracement toward the wave d level of the rising wedge .
At the wave d level we should expect price to rally back up for next leg up at wave e but, if for any reason price break wave d down, it will signal huge BEAR potential and...
Ethereum as number 2 cap during " great depression on Bitcoin" (3200$/per Bitcoin) was worth 82$.
Upon Bitcoin rebound was among the first one uptrending and gaining most thefore uptrended 82-157$ (while Bitcoin was moving toward 4200$ and failed in "previous round").
In % terms that is nominal USD gain of 91% which is very impressive having on mind we talking...
The daily chart gives us understanding that probably the market reached the bottom. The price bounces from the support zone formed by 500.00 support level and the uptrend line. RSI and a reversal candlestick pattern confirm the price reversal. The bullish divergence gives us a trend reversal signal. MACD histogram tells us that the market is going to move upward....
Spotted potential Bullish Butterfly structure on Ethereum. This pattern represent completed corrective pattern from the previous ETH massive uptrend move in 2017.
Oscillating indicator signalling upside, conforming with the wave counts.
Take note that ETH has been oversold for many weeks. You can see this on the weekly chart I have posted. There is a possible dump coming. Just a warning and a opportunity to buy on the dip.
Details on the Chart.
This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own...
Thanks for your patience for me on the ETHUSDT analysis.
Quick one guys, I spotted some interesting patterns as you know me to be a pattern TRADER.
We had SHS that hit target at where we have our present bottom at 82.01$.
We also have price keeping the downtrend channel which is so far holding firmly with a strong trendline keeping price down at every...