CryptoMexMCO

CryptoMexMCO

Hey guys, as you can see Bitcoin is consilidating between $47.000 (Weekly 50 MA level) and $50.000. The weekly 50 MA is a very strong support here, et the end of this summer this was the turning point for the price. I think this could be another buying opportunity on long term because the upcoming inflation pressure would be a positive impact on the bitcoin...

CryptoMexMCO

Bitcoin became overbougth and aproaches to the upper trendline (red line) at around $70 000. The cryptocurrency may have enough momentum to make a new ATH soon around $70 000, it is likely to happen a correction after the parabolic movement we saw in the last weeks. The low point should be around the previous ATH, at 64.500 - $60 000 zone. RSI Indicator is in...

CryptoMexMCO

I think the optimal case scenario for the ETH would be reaching $5000 by the and of this year, then it should go further even till $10 000 next year. I am very bullish not only on Ethereum, but on the all crypto market. It is not about technicals, but fundamentals. The current global situation benefits for the crypto markets. Inflation is growing all over the...

CryptoMexMCO

As you can see Bitcoin generated more than 12 000% in both previous cycles after halving. We can observe similarities in the actual pattern and the previous ciyles' pattern. If bitcoin follows the trend and repeats the movement made in the previous cicles, the price should be at least $225 000 by the end of June 2022. In the best case scenario the price could rise...

CryptoMexMCO

Hello Guys, Scenario 1 I see two possibly scenario as bearish momentum is starting. The most possible and probable scenario is that ETH will retest the $1440-$1400 zone. This is a very strong support here, previously the price dumped back from this zone. It was the 2017-2018 ATH of the ethereum at the time. This year the price has struggles 4-5 times to brouk up...

CryptoMexMCO

As you can see, the green trendlines mark the forming slowly downtrend channel on 1D timeframe. I see as possible scenario that the price could fall till to the first major which is placed near $1600 ( 4h 50 MA and the 1D 50 MA). This should fit for a sideway movement too. Here the price could rise back to the $1700-$1800 resistance, but if it fails, it should go...

CryptoMexMCO

BTC/USD may form the same candles on 1D timeframe as the last time when fell from $42.000 to $30.000? I think it is a possible scenario. A possible sideway movement is likely on higher timeframe meaning the price could get back to $45.000 and up again. This should fit the forcasts predicting a new all time high above 80 or even 100k this year. What do you think?...

CryptoMexMCO

The Ethereum price is again at ATH zone. On a higher timeframe the Ethereum is still in the (green) uptrend channel. On 1h timeframe the price has formed a smaller descendent channel. The upward breakout is a good chance to achieve higher zones. The price could target the $2000 level. If the price fails the breakout it can see a downtrend even towards 1500

CryptoMexMCO

As you can see on the 1h chart, an XABDC pattern, commonly known butterfly pattern appeard. In this situation thi is a bullish XABCD pattern which predicts in many cases a price drop. The overbought value of the RSI also support the bullish theory. I expect a price drop to $1440 support area. This is a short therm view, on long therm we could see a higher drop...

CryptoMexMCO

The $1700 resistance seems strong for the first time. I think ETH/USD will retrace at least to the $1400-1450 zone. Than should possibly be a an upward correction till $1500-1550 as the arrows show. Finally ETH should see a deeper zone around $1200-1300 (the bottom of the 1h uptrend channel.The possible downtrend is likely due the overbought state of the ethereum...

CryptoMexMCO

ETH Weekly Forecest. New ATh reached this week. If the pressure continues we can see a higher price level for stabilizing ETH.

CryptoMexMCO

I think ETH/USD is at a key point. If it succesfully breaks the triangle upwards, Ethereum can see a new ATH . If it fails breaking the pattern the price will be continously uncertain. Breaking out the triangle is a good entry for those who are thinking long term on ETH/USD. What do you think about it?