Last seen on the weekly support and resistance lines, the previous all the high area is a crucial point right now. We’re currently swimming in those waters, and whether or not this area serves as support or resistance is the waves we’re watching closely. So far today, we’re staying above. Let’s hope it stays that way!
Here on the 1D chart, we see the 200 eRMA...
We’re at a crucial time for ETH. Hopefully the green box acts as a strong support line, showing that the previous ATH flipped from resistance. If you’re playing the long game, this is a great time to fill your bags.
Upward momentum on lower time frames is weakening while downward momentum seems to stay at consistent levels.
Been seeing lots of “normies” pushi by doge without any analysis so be careful of paper hands on the pumps.
Personally watching where price goes for a trade for today above purple and salmon lines, or below the blue support line on 30m timeframe.
An inverse head and shoulders pattern on 30 minute timeframe was forming until a break in pattern above the neckline. Could still dip back down to the shoulder $56kish before a shot upward, to finish out the cup and handle patterns forming on the 4 hour and daily.
Market Cipher free version isn’t as robust as the paid, but typically following the trend waves and...
Chaikin and premier stochastic oscillators showing some signs of upward breakout out of the pennant. Volume profile makes sense for the pennant formation and pole.
Personally going to wait to see if price breaks through the 1.26 ish level before entry (yellow ray). other notable levels are seen with the other horizontal rays.
We'll need some signs of strong support to combat the sharp dive that followed the short pump to $37,500. 20 day Signal RMA reaching important crossing point above 200 day trend RMA and approaching 100 day S/R RMA. Bouncing off the 100 day RMA will show great support heading toward February into next week, when MicroStrategy and Saylor host their BTC corporate...