RisingSupernova

RisingSupernova Updated 

The ETH 4H is forming a rising wedge with bearish volume divergence which is confirmed by a bearish TK cross. In order for this rising wedge pattern to remain valid price should remain under the 50% Fib retracement. At the time of writing, the price is sitting bang on the 50% level. One must also bear in mind that the $BTC chart is in a somewhat more bullish...

RisingSupernova Updated 

Ether's parabolic movement broke out of the upper Linear Reversion Channel in a movement that was not sustainable in the long term. Bears took it upon themselves to correct this anomaly, with the price now testing the trendline for support. This trendline has been breached a couple of times in the recent run, so this should not be taken as an exit signal. Rather,...

RisingSupernova Updated 

> 200 and 50 MAs are converging > Bullish trendline is intact despite several tests > On the Ichimoku front the Tenkan line has entered the cloud, with a long flat Kumo edge. If the cloud crosses into a bullish outlook the setup would be complete for an Edge-to edge trade

RisingSupernova

ETH is consolidating on reducing volume above the 2 SMA which it rejected. Expect a retest of $140 and run to the $150 resistance zone.

RisingSupernova

ETH will perform a slight retrace before renewing its bullish run towards $200

RisingSupernova

ETH has broken out of its downwards channel and could start to test resistances