rrodrigues

rrodrigues

We have reached the capitulation stage. At this moment the Ethereum chart starts to show signs of reversal. RSI shows an oversold region being hit. The volume chart shows a shadow on last week's candlestick, clear rejection of the zone below $1k/eth. ETH $35k through Dec/22.

rrodrigues

For some time in this bear market the crypto world was highly correlated with the American technology exchange NASDAQ. Note that after the LUNA crash, we are seeing that this correlation has lost strength and this can be disastrous for a venture capital market.

rrodrigues

Only in two moments did we have a sales force like the one we see on #nasdaq in the last 2 months. #RSI entering oversold region. We may be seeing a bottom. Also note the high correlation with #cryptocurrencies that could end up generating a new #Bullish scenario

rrodrigues

On the ETH weekly chart we can see a symmetrical triangle. The end of May could be decisive for any trend in ETH.

rrodrigues

Sell for MACD + Stoch RSI if loses MM. That trend iniciate 2 weeks befores get lost. Confusion zone when price get aprouch to MM

rrodrigues

In this graph two channels are fighting against one another. Is possible to see if ETH pull up and broke the red channel, ETH can go upper and catch $3280. If ETH loses the base of green channel, ETH looks for $2150.

rrodrigues

We will see the bullish ETH channel being respected once again with bullish forecast for the months of February and March. Target $4500

rrodrigues

This study is based on a channel that ETH respects from the beginning and its distortions (red ellipses) are corrected in a short time. Due to the existence of futures contracts with ETH at $6k in Dec/21, we may have another distortion for buy/sell by the end of the year