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#ETH #Ethereum fell through the upward-sloping support and back-tested with a quick rejection. A tentative descending triangle pattern has formed and a break-down and re-test of the 100-Hour EMA may accompany the price on its way toward pattern targets of ~$208.
ETH has found some resistance at the 100- and 200-Day EMAs after confirming a bullish 12- and 21-Day EMA cross. The price may need a back-test to confirm some lower levels as support. Regardless, my next target is around $240.
Ethereum weekly fractal pattern shows harmonics that may signal an eventual decline to test new lows (below $80).
Of course--this pattern will depend highly on Bitcoin. But, for now, I expect this pattern to continue with Ethereum re-tracing toward $210 - 240. Once it reaches upward toward the resistance once again, I expect a bullish Bitcoin may also break...
#EOS #EOSBTC is leading the market and outperforms all large caps (including #BTC #Bitcoin).
Look here--decent pattern breakout leading into a confluence of indicators far above the price.
The first target on EOSBTC is roughly ~37% to the upside (~4750 Sats).
#ETH looks extremely healthy on the weekly time frame with the price taking a breather between the 50- and 100-Week EMAs ($230 to $260). It seems all but inevitable that #Ethereum will head up to poke the never-before-been-tested prior support of $350-400 region. Details inside.
BTC has launched off of a 12- and 26-EMA cross (on the 3-Day time frame). The price has also confirmed a support/resistance flip by rejecting off the 200-EMA (a significant prior support level) before correcting back to an area of historical resistance. BTC must maintain candle-body structure above $4,735 to maintain bullish confidence.
A triple (bullish) cross of the 12, 26, and 200-Week EMAs has catapulted LTC right through the 52-Week EMA resistance, with the help of BTC (of course), resulting in a net gain of 42%. The next level of heavy pushback lies from $90-95.
BTC has rigorously tested exponential support and may finally be ready for the test of $4,100 it has been waiting for. A cross of the daily SRSI and consistent bullish volume also give the market confidence to test higher. However--several macro indicators still show a large correction may come at any time.
ETHBTC has predicted previous market rallies by forming a double-bottom pattern in confluence with a bullish cross of the 12- and 26-Day EMAs. This pattern appears to be playing out again--as long as this daily candle can close and confirm this third bullish EMA cross.
BTC appears to be in an ascending triangle pattern on the daily time frame--consistent in volume and trend to the last (Christmas) rally. A squeeze between the 12-Week (3-Month) EMA and the 25-, 50-, and 100-Day moving averages may give BTC the support needed to make another test up towards the $4,040 price level.
BTC may repeat history by forming a third falling wedge pattern on its way to re-test the 200-Week MA. In any case, it is still possible for a final leg up towards the $4,000 price level for a final rejection in this bearish case.
BTC is just a few daily candles away from a tentative bullish cross of the 50- and 100-Day moving averages--this coming just two weeks after the 50- and 100-Week moving averages confirmed a bearish cross.
ETH appears to be back-testing potential old-support (new-resistance) levels both in its price action and on the RSI. With the 4-hourly 100-MA just above, the price may now look to test downwards toward several support levels and moving averages.