directly related to my earlier idea on daily chart. If this iH&S on hourly plays out, this will lead to that giant falling wedge breakout (supported by bullish RSI div) and going to send ENJ on a moonmission :)
So ETH just had a solid bounce off daily ema200 on BTC chart. weekly printing iH&S what's not to like :) aiming for the top of the channel for now (0.044 - 0.05) .
ENJ looks almost ready on BTC chart. Giant falling wedge with bullish 1D RSI divergence. I expect this one to fly, once BTC is done rallying and alts get a breather. Spot bought some and will be buying a lot more if it goes lower, around 700 sat (yellow box) as well as upon retest of trendline break (pink box).
Bearish RSI divergence in the making and no immediate support below.. not convincing on it's own, but something to keep an eye on.
because why not..? :) I would speculate BTC rally will be exhausted eventually giving a chance for ETH and other alt majors to shine (at least in BTC value). ETH is already printing bullish RSI divergencies on smaller TFs and is currently sitting at the crossroads of 2 conflicting channels. If ETH manages to stabilize and consilidate for a bit around this area,...
BTC is asking for correction and it will drag down ETH along.. Bearish Chuvashov fork supported by bearish RSI divergence on 4H. That being said, I think ETH will react positively on BTC chart.
pretty straightforward here.. Downtrend is yet to be broken. and when that happens I expect Etherium to pull a monster move. Keeping an eye for a BOUNCE on existing RSI bullish divergence line as a signal.
BTC making new highs and pulls strong Alts along with it, but in USD value only. ETH on BTC chart looks great on larger TFs. Short term - clean bearish Chuvashov fork (needs a close below fork line) supported by bearish RSI divergence on 4H chart.
Etherium looks sweet on weekly BTC chart. Last week's candle close and bullish RSI divergence on 1D chart suggests trend reversal. Currently sitting at the bottom of year-old uptrend channel. potential inverse H&S in play - puts it at approx 2x upon completion. FA: With ETH2.0 release, significant part of tokens taken off exchanges and locked away for...
Superlong this Following extensive alt dump due to BTC strength, 1D RSI divergence for ETH is finally here. Supported by FA news - "ETH2 deposit contract release" this one will fly.
Here's the daily view for KMD vs BTC. Potential Wyckoff accumulation. Oversold RSI, signs of trend reversal on smaller TFs to support this.
Komodo looks like a great buy here. 4H bullish RSI divergence supported downtrend break. Massively oversold on all larger major timeframes, a bounce here may indicate a trend reversal for bigger picture and may in fact be the best possible entry if alts get a chance in general.
My guesstimate on the chart. While massively oversold on RSI and other indicators, GAS is not showing any "signs of life" yet. Bears in full control. Based on historical trendlines, I would expect a high-volume sell-off (capitulation) and strong bounce somewhere around 680-700 sat area.
on BTC chart: Bearish Chuvashov fork supported by bearish 1D RSI divergence and head & shoulders. I'm a buyer at 1D EMA200 retest.
Simple and self-explanatory. Potential diamond bottom formation for GAS vs BTC. Supported by bullish weekly RSI div and Stoch RSI div.
WABI vs BTC chart looks painfully familiar - printing classic Wyckoff accumulation pattern. Fakeout (spring) followed by successful retest of the lower support level. And now bounced off 1D EMA200. aiming at 3500 sats for now & will try to update as we go.
- Ascending triangle developed to support bullish Chuvashov fork; Hitting 1900-2000 sat area will further reinfornce the idea of diamond bottom on weekly.
Not sure where do I put the target on this one..