Etheruem is currently creating the final pieces of a a Bullish Ascending Triangle and should rocket upwards during the 1st week of October.
After ETH did crazy increase. It sort of deflated. Then increased a bit again, but never reached new ATH. Now this excact movement could be playing out in XMR. But tbh. it just may not. XMR may just go further down. Anyway, will be interesting to follow i guess. Have a nice day.
Hi there. I was just thinking about this short. Why not? Risk reward seems ok.
ETHBTC /ETHXBT overrated. When investing in Ethereum ETHFIAT is the only thing that counts... ETHEUR at Kraken most def uberbull (lil hint: stochRSI heavily oversold for 126 days) and ready to moon. Min Target: Double-Top around "ATH" Happy Tarding!
The price go to up, but MACD and MACDh go down. 2 consecutives "Three White Soldiers" candlestick pattern (bullish retrasement). Momentum is in bearish zone.
ETH is close to lower line of ascending triangle. We saw 3 times test of 200ema in triangle and 4 times test of 100ema. Those 4x 100ema testing showed weakness of bullish trend in ETH imo. So ETH should back over 100ema at daily chart ASAP or will test 200ema and that would be dangerous for ascending pattern which we see now. Short ETH? If we break 200ema at...
This channel is likely a continuation pattern. Price will exit below. Unfortunately this means key support area will break.
We see typical inverse Head and Shoulders pattern at 1-4h and now we're forming potential Right Shoulder. 200ema at 2h was resistance and we tested 100ema and again went down. ETC should spend some time around .618 and should go up near Ichimoku Cloud. Statistic (Bukowski's work) says that around 2/3 of inv HS goes up and 1/3 down (HS opposite, 2/3 down). Target...
Allright, i have done a 180 on the ETH bullishnes i published earlier, sorry about that. This is because my strategy usually involved buying at the bottom of a channel. So i started making lots of channels, and the idea is every time the price enter the channel from above, it will exit below. When price enter the channel from below it will exit up.
ETHBTC been in consolidation, although it has swung wildly. On the weekly its a bear flag however and BBands are surprsingly compressed. I could see some serious gains on ETH the comming weeks.
While it looks kinda toppish, there is a ultrabullish crossup lurking (white box)... Happy Tarding!
No volume on channel breakout. Not buying yet. Will be monitoring closely. Probability of going to 0.014 still significant.