ETH pushes back above 20EMA and now sits between 20 and 50EMA. Recovery is expected to carry out into tomorrow and should reach ~3050-3075. However this will need to occur sooner than later given the 3k/pattern crossover. www.tradingview.com
ETH maintains it's position above 2878 while slowly rising to 20EMA. Start of recovery should occur soon if the double-bottom holds true. Note the close alignment of 50EMA and 3k which could make this zone tougher to break. www.tradingview.com
Price continues to hold above 2878 keeping us in position for a possible double-bottom recovery. We should expect this to carry out by or on 5/14 to brings us back above 3k. A slight ascending could still be in play if a correction occurs after recovery. www.tradingview.com
A tough rejection at 50EMA sends ETH down to the previous average low and outside pattern. We now look towards a possible double-bottom with recovery expected over the weekend. Unfortunately this could be the start of further correction, noting next support around 2800. www.tradingview.com
Recovery brings us back above 3k with short-term EMAs as the current goal. Expect price to hit 3180-3210 eventually but a breakout may not occur until later. As of now it's possible we see another touch at 3500 sometime mid-month (5/17). www.tradingview.com
ETH drops below 3k but establishes another low to potentially finalize support. Recovery is expected at this point but continuation to 2875 (2878) remains possible. Our goal should be 20-to-50EMA divergence -> 3125 -> 200EMA. www.tradingview.com
Price drops to 3k with support holding in so far. Look to maintain closes here but expect the possibility of lows below. Also keep in mind the bearish entry direction which could alter us to 2875 (double-bottom). www.tradingview.com
Resistance holds in at 200EMA/3210 dropping ETH back below short-term EMAs. An ascending pattern has been outlined and will be adjusted if additional points come into play. For now we can expect a drop to 3k but closes should remain above this zone. www.tradingview.com
A successful flip at 3125 triggers short-term EMA divergence as we look to continue past 200EMA. With 200EMA and 3210 close together we can expect a decent amount of resistance at this zone. The possibility of a smaller ascending pattern is in play which would drop us back to 3000. www.tradingview.com
ETH makes its way above the first D1 piercing goal (3125) in an attempt at EMA divergence. Being able to maintain 50EMA is a good sign for continuing recovery. Keep in mind that a drop is still possible and we should look to remain at 3k if this happens. www.tradingview.com
A strong recovery brings us above 50EMA with resistance holding in at 3125. Maintaining 50EMA until short-term divergence should be the current goal. However a drop to 3k is highly possible before this scenerio occurs. www.tradingview.com
Resistance continues to hold at 3k/20EMA in another attempt to reflip zone. Recovery could send us back to 200EMA but remain cautious until a close is established. The D1 piercing markers (green) have been left in to indicate critical goals. www.tradingview.com
Another rejection sends ETH to average support with recovery back to 3k underway. Although signs may look hopeful remember that we've been below pattern for some time. It's possible we could see a drop to D1 200EMA (~2750) as a result. www.tradingview.com
A tough breakdown after ETH fails to push above 200EMA resulting in a drop below 3k. Price is now looking to recover above 3k after reaching lows of ~2900. A purple line has been added for an average low (+/-$30) in the case recovery is not successful. www.tradingview.com
ETH fails to hold above 200EMA dropping us back below 3210 with lows at 3125. Price is now positioned below short-term EMAs signaling another possible convergence scenerio. Further correction is likely if we can't recover above 3210; look to keep at 3k if this happens. www.tradingview.com
Recovery just short of the D1 goal (3371) as rejection sends us back to 200EMA. Another chance at EMA divergence is closing in which could begin off another push to D1/3405. There's a strong potential for this to occur if we can hold support at current zone. www.tradingview.com
ETH fids it's way back above 3210 with another touch off 200EMA. The next D1 goal has been indicated (3371) which aligns with pattern at EOW close. Assuming we've formed a cup-and-handle we can expect this scenerio to follow through. www.tradingview.com
Bears begin to take over as price falls below the D1 piercing marker (3125). Watch out for EMA alignment which should add further resistance at this zone. Recovery is still possible but will need to occur soon. www.tradingview.com