Very Bullish signs from ETHEREUM. Further to our post earlier today, the price has broken over resistance and is now breaking over a bullish flag. Expect anything but this is more Bullish now and most likely to rise. One Love, the FXPROFESSOR
The rise for EthUsd has stoled above 3k exactly in 61% Fib retracement of the big May drop. At this moment EthUsd is trading in a range and if bulls can't manage to keep 3k intact I expect a new aggressive wave of sells. In such an instance 2250 is my first target Ethereum above 3.3k would change my bearish opinion
Idea supporting the bull stance Holding a crucial trend line
ETHBTC is just getting started here is a sort of distorted violin that shows prior price movement and suggesting a breakout at the green bubble Very bullish on this pair
Ethereum failed to recover above the $3,120 pivot zone against the US Dollar. ETH price is declining and it could extend its losses below $2,950. Ethereum struggled to recover above the $3,120 and $3,125 resistance levels. The price is now trading below $3,080 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance...
Also Ethereum looks tired and a correction could be just around the corner A Doji candle 2 days ago is followed by a Pin Bar yesterday and this give me reasons to expect a drop soon. Above 3200 sellers seem strong and short term sellers could have at least 2800 as a target A daily close above 3250 would negate this scenario
Using the log trend indicator on Ethereum Suggesting an 8k top congruent with an early 2022 bull run end Bars pattern is just to show movement to 8K
This is where we are going Using the indicators True Strength Indicator and MACD I think the TSI will repeat a pattern in nature to that of the 2017 BTC bull run While the MACD will do something that has not been seen before A big bullish correction on the weekly
In this comparison we have GOOGL and ETHUSD I like to call MA's open when the three (50,100,200) are spread and free to move upwards We can see GOOGL has been 'open' (in its most bullish state) for 10.5 years Correlating this with price, it is obvious that this is the most bullish progression of price We can also see ETHUSD has only been open for 154 days . This...
A hypothetical channel that would lead to the replacement of the dollar It happened once, why not twice ? I expect controversy, go for it.. Magic internet money
Using the TopCap indicator for ETH we can see potential tops and previous tops As you can see there is a massive discrepency between the ETHBTC chart and the USD chart Suggesting there will be a second (2) up move for the USD pair to compensate With ETHBTC's recent forming of a nice bullflag we could see some new highs for both pairs I am long Ethereum
The Trendline in pink (.236) shows cycles of movement down,up,down(bear market rally),up This is supported by the touches on the Fibonacci circle especially 3.618 (yellow) The last up cycle pushed the price up A LOT Will this repeat? My target is 20K as of now.
An idea comparing BTC's 2017 run to ETH's current run Both are supported by a curved trend Both have a point of interest for comparison 20k?
All signs point to 20k I know it sounds ridiculous, but consider it. Pull a 2017 Bitcoin. ETHUSD's first bull run pushed it up 23000% Assume this occurs again This places the price at just above 20k With structural similarities, volume rising, and beautiful fundamentals. I wouldn't doubt it. ETHBTC is displaying dangerously bullish signs with the current...
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Ethereum is still within this wedge structure Still above the major trendline that has formed (in yellow) Red dotted line is where price will flirt with below the major trendline before bull momentum returns I do believe this is just a very long pullback and bull action will resume If it is, its the biggest shake ive witnessed so far
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ETHBTC has formed a nice flag/falling wedge pattern that will very likely break out to the upside While ETHUSD is trying to find a bottom 0.786 is a good candidate, with it being a previous point of resistance, now could prove itself as a point of support (green) I have drawn also how I think the MA's (50,100,200) will play out on the USD pair, 4Hr chart...