Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single...
Price is still consolidating showing bo major movements. MACD is not clear, RSI is sold and EMAs are turning bearish. I still expect price to move up and fill the imbalance around $1,250.
ETH is moving down, but is forming a descending wedge that is usually a bullish formation , I would buy a bounce up at different level as per chart or at break and probably retest of the wedge, if ETH breaks down with volume the trade is invalidated; RSI on 15M is overbougth, on 30M is neutral moving up, on 1H is oversold and on 4H is neutral moving down, that...
Ethereum Elliottwave analysis is drawn with the help of Fibonacci levels, supports and resistances, and wave counter software. The possible target can be the range of 500-600 dollars
👉 1100$ Area Is a Place I Expect Wave B Will Complete And We Will Have a New Rally To The 1420$~1500$ Area ,Currently I’m Out of The Market Till 1100$ As a Buy Zone
Here's a quick look at the daily ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle. The price will likely break below the triangle with the current market sentiment.
There's an unfilled Fair Value Gap from 770$ to 870$. These gaps will likely get filled in this bear market since the DXY is expected to rally from its...
ETH / USDT
Price is printed a descending triangle (bearish pattern) breaking its support will result in a leg down for the altcoins market
Despite the low prices of most of assets now ,bears still in full control so be careful
We have learned that they're supports and resistances in trading class 101. But I don't believe it.
I think those are simply the price zones that are most interested in by many traders.
But the most important thing is that people's thoughts change over time.
And I think I'm not gonna long in this recession period, it makes me feel like I'm killing myself.
Short...
eth last hope green box if this box not hold and broke this zone i will short on retest and main target to range low at 1155-1150 , btc does not move that much but alt coin bleed very fast
Not financial advice
Reasons supporting the drop
We have a death cross of 20ma has crossed down under 200 ma on the weekly
Currently trading under 200 week MA
No. 2- Notice all the green bars that need filled in to the left and also volume profile needs filled in as well.
No.3 Overall sentiment in risk on assets is weak and until we have a pivot price...
ETH shows a destructive Descending Broadening Wedge at the 1 Day time frame, there is also a weak support level that was kicked in the FTX's collapse days, so, what is coming will be a SHOCK for BULLs who refuse to read the charts.
Price is currently in a consolidation zone between $1,210 and the 12h demand at $1,180 after breaking below the support line. MACD is showing bearish weakness, RSI is sold and EMAs are neutral. I expect price to keep ranging these few days but overall it should move up to fill the imbalance around $1,250.
Ethereum has been contained in the range for the past several days.
Currently, the price is climbing from the bottom of the range creating an excellent opportunity to buy.
There are two possibilities when it reaches the high:
1: It breaks the parallel channel and the price rises further, creating momentum for a bull run.
2: Price gets rejected and sustains the...
ETH is breaking up the Resistance line that has formed in the past few days, i would buy a bounce off 1195 or a retest of the Resistance line reversing to Support line, trade is invalidtaed if ETH breaks down again inside with volume; RSI on 15M is neutral going up, on 30M and 1H is neutral and on 4H is oversold ; that tells me that we may have a push up
📌 I...
A expanding tunnel ! volume and activity is way low of course peoples are scared and assets are switching hands. within these activity a low volume consolidation can easily invalid this pattern or 4% move from any price level.
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick ETH update.
ETH is forming a bearish flag pattern in the 4hf time frame and currently, it is testing the middle line of the flag. I'm expecting a rejection from here and the price might go to test the lower line of the flag. Here we have strong...
