cy4rtrading

cy4rtrading

Over the long-term, ETH swings in a sine curve around a linear trend line on its log chart (the green line splitting through the middle of the wave). This line represents consistent, parabolic growth with substantial volatility. Today, ETH is testing this critical long-term trend line. If ETH breaks past the trend line upward, we're in for a swing up in a...

cy4rtrading

No matter how you slice it, over both the long-term and short-term, ETHBTC is trending up.

cy4rtrading

This is the same chart with the same trend lines that I published on January 28, 2021. The candles are tracking nicely.

cy4rtrading Updated 

This consolidation pattern and date range look familiar.

cy4rtrading Updated 

Each of ETH's price swings are consolidating into a less volatile and yet more frequent range around $1,340. Observe the tightening stairs pattern. This consolidation pattern could trigger a breakout to the next level of exponential growth in early February.

cy4rtrading Updated 

ETH is making a steady, parabolic break out in search of a new valuation well above its previous all time high. I expect ETH to remain within the bounds of this parabolic channel in route to doubling over the next twelve days. The price could test support slightly below or resistance slightly above this channel. As to precise timing, ETH could make this move...

cy4rtrading

The Mayer Multiple is the ratio between the current price and the 200-day moving average. We can apply this ratio to Ether: the blue line in the lower chart. Ether’s Mayer Multiple reached 7.3 during the 2017-2018 bull market and later hit 3.4 at the previous all time high. In this bull market, Eth shows a Mayer Multiple of only 2.4. This multiple suggests that...

cy4rtrading

Based on this ascending triangle, I anticipate one more pullback before ETH breaks out from its current resistance at $1,270 in search of new resistance above its all time high.

cy4rtrading

Zooming out of the ETHBTC price chart, we can see a simple and repeating pattern. Two aggressive moves up, followed by a steady and extended retrenchment, which introduces a parabolic move up to a new all time high. In the current bull market, ETH is ready for a major run up relative to BTC.