Ether is at the focal point from its initial downward reaction to the Corona virus being taken serious in the US. Therefor I am expecting a price move to happen soon. Based off the pennant forming during a downtrend, the price being under the pennant & at the top resistance of the ichimoku cloud, and the Stochastic RSI being in it's upper range, I'm guessing the...
Fib Retrace gives us a more clear idea idea of potential support/resistance levels.
After a 5 impulse wave, could we see an ABC corrective? It's not done printing yet but maybe we could see a cup & handle into an inverted H&S.
If sentiment stays the course and the trend continues, then we could see $7,500 $BTC by the beginning of November. Then probably meltdown to about $5,000. Dunno after
This is a daily $ETH/USD chart that starts from the beginning of the year. There is a large pennant trend that formed in early March starting at around $11-$15 with a basic move to about $90 by May 17th (05-17-17). Then on May 18th, the price began rallying hard to form the first (and obviously biggest) move to a high of about $450 by July 12 (06-12-17). Using...
Could bring us to $4,035 or so.
If we don't advance above $4,475 and maintain in the near-mid term, then we will probably retest previous lows. In the short term (1-4 days) I could see a pull back to about $4,250 before trying to break the $4,475 level. If $4250-$4,200 breaks i will probably execute stop-loss
Looking to see some short-term profit taking before advancing
If the $3825 breaks for good, it looks like we will touch close $4,200. If $3825 is rejected, then I would be looking to test $3,250-$3,000 again
looking to see it bounce off major support and resistance levels
Included a bear and bull case in case the price is rejected at 300.
Not sure where we go from after the pennant, but here are 2 some scenarios.
Will be brush off the China news, or are we entering a bear market where false floors form?
Lines are from 3-4 days ago. looks like its still in trend. big support here. maybe its the bottom, maybe its not
Cycles of bubbles dwarf the previous cycle
I made a BTC long term trend chart for coinbase $BTC/$USD, but since the data only goes back to 2015, i figured it was incomplete.
Will BTC continue dropping? Idfk, only time will tell. But if it does, here are some important support levels.