Here we have the ETHUSD Pair, on the daily candlestick chart.
As you can see, the 50 EMA on this timeframe, which has previously acted as support has broken down.
Short term target should be the 100 EMA, which should also be the bottom of the BB. This should act as support at that time.
Farewell fellow traders, be kind to each other,
As you can see, I have drawn what I believe to be some major, long time-frame trend lines for this pair. We can expect some price action, as we approach these lines.
I believe, if the gray line fails, ETHUSD will see further downside.
Farewell and stay safe fellow traders,
Hello fellow traders,
Today we have the ETHUSD pair on the 1 hour candlestick chart. We can see a bullish chart pattern taking shape here.
According to Thomas Bulkowski's Encyclopedia Of Chart Patterns, the Adam and Eve formation is characterized by a sharp and deep first bottom on high volume (Adam). The stock bounces and develops a more gentle correction,...
Possible Inverse H&S forming on the 1d candle chart. A similar pattern has been playing out, and proving to be a bullish indicator on the lower timeframes.
I will look to enter a long position if the neckline is broken.
Here we have ETH/BTC on the daily candle chart. What I attempted to indicate here is the formation of the cup and handle formation. I believe the strong psychological resistance at .1 will cause the price to pull back, forming the "handle" and this could indicate a bullish continuation.