This Ethereum analysis is designed to be able to have a good bullish and bearish vision of what could happen in the coming weeks.
The chart is designed to be used with progressive buys and sales, the blue lines and rectangles represents good targets for buys while the green ones are ideal for sales (Always progressive), I have also found a triangle that might break with great volume, that is why I have put there 2 possible trades with great Reward/Ratio in case it pump or dump, the SL are designed to put them at the last low of the trend after the triangle breakout.
Personally, I am expecting a small drop driven by a Bitcoin retest over 35k, that 35k could be 2.4k in Eth, after that, an upward rally to then start a crypto-winter less aggressive than the previous ones due to the large capital that has been coming in cryptos from institutions since 2021
The chart is designed to be used with progressive buys and sales, the blue lines and rectangles represents good targets for buys while the green ones are ideal for sales (Always progressive), I have also found a triangle that might break with great volume, that is why I have put there 2 possible trades with great Reward/Ratio in case it pump or dump, the SL are designed to put them at the last low of the trend after the triangle breakout.
Personally, I am expecting a small drop driven by a Bitcoin retest over 35k, that 35k could be 2.4k in Eth, after that, an upward rally to then start a crypto-winter less aggressive than the previous ones due to the large capital that has been coming in cryptos from institutions since 2021
Comment:
Furthermore, keep an eye on what are the indicators doing, especially the Ichimoku and RSI, they are important keys that have to be broken if we want to see new highs. Besides, the MACD and ADX are another good tools to find some divergences there, remind that when the price is creating a triangle, it may break first the structure or trendline in the indicator and then in the price. Good luck for everyone!