ETH makes its way above the first D1 piercing goal (3125) in an attempt at EMA divergence. Being able to maintain 50EMA is a good sign for continuing recovery. Keep in mind that a drop is still possible and we should look to remain at 3k if this happens. www.tradingview.com
A strong recovery brings us above 50EMA with resistance holding in at 3125. Maintaining 50EMA until short-term divergence should be the current goal. However a drop to 3k is highly possible before this scenerio occurs. www.tradingview.com
Resistance continues to hold at 3k/20EMA in another attempt to reflip zone. Recovery could send us back to 200EMA but remain cautious until a close is established. The D1 piercing markers (green) have been left in to indicate critical goals. www.tradingview.com
Another rejection sends ETH to average support with recovery back to 3k underway. Although signs may look hopeful remember that we've been below pattern for some time. It's possible we could see a drop to D1 200EMA (~2750) as a result. www.tradingview.com
A tough breakdown after ETH fails to push above 200EMA resulting in a drop below 3k. Price is now looking to recover above 3k after reaching lows of ~2900. A purple line has been added for an average low (+/-$30) in the case recovery is not successful. www.tradingview.com
ETH fails to hold above 200EMA dropping us back below 3210 with lows at 3125. Price is now positioned below short-term EMAs signaling another possible convergence scenerio. Further correction is likely if we can't recover above 3210; look to keep at 3k if this happens. www.tradingview.com
Recovery just short of the D1 goal (3371) as rejection sends us back to 200EMA. Another chance at EMA divergence is closing in which could begin off another push to D1/3405. There's a strong potential for this to occur if we can hold support at current zone. www.tradingview.com
ETH fids it's way back above 3210 with another touch off 200EMA. The next D1 goal has been indicated (3371) which aligns with pattern at EOW close. Assuming we've formed a cup-and-handle we can expect this scenerio to follow through. www.tradingview.com
Bears begin to take over as price falls below the D1 piercing marker (3125). Watch out for EMA alignment which should add further resistance at this zone. Recovery is still possible but will need to occur soon. www.tradingview.com
ETH fails to reach the D1 goal (3210) or flip EMAs possibly resulting in another correction. However H4 MACD is nearing divergence which could assist in that much needed push. Look to keep above ~3125 for best case scenerio. www.tradingview.com
A hard rejection at 200EMA sends ETH back below 3210 with current hold at D1 piercing (3125). Continue to hold above this zone to prevent EMAs from converging again. 3210 will be used as the close goal for upcoming D1. www.tradingview.com
ETH creates a third step off short-term EMAs to help bring us above 3210 critical. A few closes have already been established which could set us up for the push to pattern. Consolidation between these two markers is expected for the time being. www.tradingview.com
Resistance holds in at 3210 creating another step which may drop us back to short-term EMAs. A third step can be assumed off this formation and would likely be enough to break zone. With 200EMA at the lower boundary we can expect increased resistance moving forwards. If true, there's a chance this alignment could last until the 3370-pattern...
ETH remains above the daily close goal as short-term EMAs begin to close in. Successful divergence could push us past 3210 right to 200EMA/lower pattern support boundary. The next D1 goal is around 3370 which would place us at pattern support EOW. www.tradingview.com
A solid recovery positions ETH above the new D1 goal with about 1/2hr left until close. 50EMA is also around this zone which should strengthen support if a flip is successful. We could be looking at continuation to 200EMA in the near future. www.tradingview.com
A successful 4/18 close jumpstarts what may be the start of recovery given our hold at 3k. Look to keep above the daily marker (3035) for an attempt at short-term EMA divergence. The next critical resistance is expected at 3210 unless we push straight to pattern/200EMA. www.tradingview.com
ETH recovers to 3k after another correction at low 2900s. Daily close has been adjusted to mark a shorter-term bullish goal. Failing to keep above 3k could result in a drop to the next critical at 2750. www.tradingview.com
Late post but a possible double-bottom could be forming given the hold at 3k. This could also just be a temporary push so we should look to flip the prior D1 marker (green). imo I believe we're in for another correction but anything can happen in this market. www.tradingview.com