Recent 2 weeks....the dumper love to dump it on Friday. Let's see if this week will the dumper dump again on Friday?
A possible Diamond pattern is in development. Let's see next.
ETHUSD pair might be running in the Green Channel(please see the chart) This is a personal record only, not trading advise.
As per Friday Pattern reply again, red circle, Maybe Saturday and Sunday Pattern, green circle will reply again. If it is in this case, a big Triangle is in development. Let's see next...
Let's observe if this is the bear donate a GIFT to bull? If breakdown 4020 and 3977 then maybe it is not GIFT. Bias, Overall it looks still bullish.
14th August, 2021 we mentioned Next Target might be Target 1: 3366 Target 2: 3469 Target 3: 3813 after forming rev-head & Shoulder pattern, They are all reached.
Bias is Blue one. Price drop volume decrease, may be the bull push down to buy. Manage the risk. Let's see development next. Personal record only, not an advise.
3366 is 0.618 of ATH (4384.48) to correction Low(1718.41). 3469 is the 17.235 extension of the initial wave. 3812 is 0.786 of ATH to correction Low. Next Target? Let's see it the next target might be above-mentioned after bullish flag standing above 50% between ATH and correction Low. (said maybe rejected by back test 10 day average ) This is a personal record...
It seems ETHUSD would like to Trade Between 3000 and 3260 for finding new direction.
As per our previous analysis--a bottom trading pattern(Bear control the market, but strange), and now it seems want to challenge 2900 to 2999 Target Zone. Let's see ETHEREUM lead CryptoDigitalCurrency market to challenge this target. A huge fighting might be expected.
The strange is : Price drop not huge, volume small. This paradox phenomenon sometime is top or bottom signal. Let's wait for reversal.
Pressure: Pink cloud. Support: Lime cloud. Maybe it will form a pink bar for testing high, let's observe the volume when testing. If volume weak, then it might test the support again.
ETHUSD looks like a triangle(Green Zone) range trading. It might want to test the high side again.
Range trading between 20 days and 50 days for week. Test low side (50 days average several times), but was rejected to go lower. It looks like the player plan to break it up. Let's see how high will go.
The bear might plan to test low (Push down) Let's observe if it is a Push Down To Buy(PDTB)?
ETHUSD might plan to test high side. Let's see if the player push it down again?
ETHUSD might want to test low again, to check the support is strong or not. Correction in process.