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This markup was something I just noticed forming on the Daily chart, I think we can expect a push down below the point I marked up. This will clear the orders people have set in place and give Big Money the position for the buy. After that I'm thinking there's going to be a big bullish push.
We broke down out of a bearish rising wedge and it looks like we are starting to create a bullish falling wedge. Inside we also are creating a bullish harmonic pattern. It is a bit rough so not a clean one but the reversal point is right on the golden 0.618 FIB level for the rising wedge. I think that we should most likely bounce on that level and if we don't...
We have a rising wedge inside of a massive falling wedge. The bullish scenario would be us coming up and touching the trendline finishing off the falling wedge but I think that we could still fall to lower levels that would hit the target of the rising wedge and then come back up. Usually for the price to break a trendline, it starts creating smaller shoulders....
Okay, so it looks like we broke the bearish parabolic curve and ran into resistance above. It looks like ETH is making a turn around. I put some of the possibilities I think are possible and where it could bounce. It could retest lower levels but it should recover. Parabolic curves usually retrace 50% - 78% so we should see higher levels soon. On the way up, I...
Descending Triangle formation by ETH price action. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Let us see if this triangle will be bearish or bullish.
I believe its a bullish as it also is forming a W double bottom in shorter time frame, and we might see an uptrend...
the previous resistance at 1200 become a resistance and have held in the last few days, if not broken it will fuel the upward trend of ETH, if broken, that I believe an unlikely scenario, we could see a steep decline to the next support around 800.
We are going lower to the channel trend line. ETH has a healthy UPTREND, so I expect we should not step out of the channel.
ENTRY LEVELS LONG
$1820
$1750
$1689
$1520 STRONG BUY
$1475 STRONG BUY
Based on my cyclic harmonic calculations, ETH can explode $550 K in June 2022...
This is not only because June is the month of my birth and I'm bullish on ETH, also, because ETH has this potential to gain this value...
Beside this Technical Analysis, Fundamental analysis confirms this potential...
At that time, also, ETH 2.0 will have a major progress...
Who...
Let’s take a look at ETH long term.
ETH has been trending nicely in this channel since the massive dump in March.
Predicting this run will continue to around $960 which will take it to the top of the channel within the first or second week of January.
I think we'll get there, possibly just shy of it, but close enough.
Because I think Bitcoin will reject at...
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy...
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy...
At the moment, Ethereum is formed a simetric triangle, but guys, I don't quit my posiiton, I'm still in long for H4 timeframe, because for medium term Ethereum is need to reach the $474 USD again based in the supply and demand, at the moment, we could see a possible little sell on Ethereum to the $365 USD. But not yet.
In H4 timeframe we could see it a possible...
ETHUSD took the support from old heavy resistance (blue support line at 208$)
It's currently in an ascending triangle on the 1h chart and targeting the 268$ area.
Heavy resistance is going to occur between the levels 268$ (old support) and 274$ depending on the timeframe.
I expect 274$-275$ to be the heavier support.
Disclaimer: I was lucky to open a margin...
Here are the 3 most strongest signals that point to ETHUSD starting on a long-term bullish uptrend, Take your timeto go through the signals through the daily and weekly charts usng the moveing averages provided.
If you are still skeptical, take a look at how the price reacted when the bearish and bullish signals occurred on previous occasions. I have attached...
