When price makes lower lows but MACD line makes higher lows this is the divergence I am referring to (as circled in orange). This has only happened 2 times before and each time a massive rally has followed in the ETH/BTC ratio. Based on past moves, the rally could return around 2200% (from early Sept. lows). REVISIT I published this idea on September 25th...
On this 1h update for ETHUSD: Price providing Wedge pattern which we can use for open sell orders. Basically I have specific conditions for open a sell order. Targets near $162 and even possible $154 . Stop loss with range of $170
I think price might rebound near $160-155 before going up to red zones of resistance at $168 and $175 . Previous chart update:
The closer $ETHBTC gets to 0.0134 the higher the reward to risk will be to go long, but until March 2020, the possibility of hitting 0.0063 remains high. After then, we might have a chance to go long in the long term. Path of least resistance remains down in the ratio until March. With talk of ETH2.0 being released by Q3, this might cause a bottom to ensue in the...
Hello friends Merry Christmas to you! BTW you can support the idea with like or comment, and if you have your idea about ethereum share it in comments. Now price looks in downward move in 1-2-3-4-5 wave. Now wave 5 is extending to support zone (green) near $122-120. At this zone we can see a market rebound.
Next resistance near $141 Current support zone $127 and $122.
COINBASE:ETHUSD Ethereum is heading into a full protocol upgrade in the new year. Price is currently in accumulation region and is picking up orders for the next macro cycle. Happy to start buying ETH in these ranges. Calling $140 the generational bottom anything below is a pure bargin. We're going to Mars so make sure your bags are packed!
Side channel movement Now stands well at the upper boundary of the channel I see two exit scenarios from the channel: if it breaks the bottom of the support of $ 178 (marked in red), then let's go to the center of the channel $ 168. A breakdown of the upper boundary of the channel will open the way to $ 209 or even higher. more inclined to hike up
While the altcoins market will continue to flush out the nuisance caused by the ETH based ICOs from 2017, however the alt king sneakingly seems to setup for it next bull run in long term. With the actual use case projects under DeFi infrastructure keep being build around ETH, one could argue that even the BTC maximalists can never with a stern voice disregard...