The final leg of a 5-0 pattern with reciprocal ab=cd. Keep in mind the pattern is still valid up to 61.8% retracement (projected 50%) Per Scott Carney "Harmonic Trading Vol 2" "The 5-0 is an incredibly precise pattern that possesses only two numbers – the 50% retracement of the BC leg and the Reciprocal AB=CD Pattern™." harmonictrader.com Not financial advice
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . ETH / USDT support level are 4000$ and 3700$ but we can see some correction in...
Since ETH has been holding the 4000$ support for quite a while now, it is safe to assume that this are is an important area for ETH but if it drops below this 4000$ support level, here are the other support zones for Ethereum
ETH through the strong influence of BTC, is experiencing a slight correction but quite successfully held at current levels, we see a very strong support line
Ethereum price is sitting now in the support box we can expect two scenarios a revisit to hit 4.45k or a retest to the support levels 3.7k - 3.8k If we lose the 3.7k support the next one will be at 3.4k - 3.2k
This is not too far fetched that ETHEREUM moves like this,especially now that bitcoin has reached a support zone .
ETHUSD: Its pullback and i thin ETH is ready to continue bearish. there is important area around 3760_3720
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (XBTUSD 1W Chart) - Medium to Long-Term Perspective Above the 27650.0-29350.0 section: The uptrend is expected to continue. Above 47010.0 point: Expected to create a new wave. As the green...
When I plan for the long term I like to go on the Monthly time scale and but my horizontals. Represented here in the color blue. This time I'm using Fib Speed Fan because it helps me visualize the last yearly movement and helps me prepare for lower levels. It would not surprise me if the price bounced in 1840, for example. It's possible that something external...
As per my previous post ETH hit nicely the red short zone and dumped fast. Unfortunately I did not take the short as had no time to monitor PA. Hence lack of time I had no chance to review the market earlier. But the plan went well and target hit from the long I had. Shame on the short I didn’t catch it. Also we still have some stops resting bellow at the red X...
#signal #ETH #ETHUSDT Wait for failure and act with it 👌 If the failure scenarios are clear from above. If it breaks from the bottom, the scenarios are clear, but in the past, Atrium has usually failed due to these situations, so consider this as well.
Please look at the 2020 Black Friday discount! That was the moment to buy the dip! Afterwards it went up 732% by mid May 2021. Do you think Ethereum will have the same pattern by the end of 2021??
Click the pic to read last post and detail. ETH did first way what I said in last post . If it can not go up 4383.5 and have short lower shadow, it will be evening star . Chances are high that price will go down again. Price went down again and rebound after touch Fib level 0.618. The R/S zone in the chart is the neckline of double bottom ,I thought it...
On a 4-hour timeframe, the first dynamic resistance is broken, but it is not a strong break due to its high slope. If the static resistance of $58,000 is broken simultaneously, we can be ready to return to the range above 60,000. So do not rush to enter and enter after the conditions stabilize.
On a daily timeframe, stabilization above the dynamic support was recorded to some extent, but still, the static resistance could not support the price well. If it does not lose $4250 again with the next two candles, we can expect an upward move to $4450, $4600, and $4700.
Rising wedge seen on the STF chart for ETH. Be aware these are usually bearish with continuation to the downside back to the previous tested levels around 3,950-4,050.
ETH is still in a price correction on a daily timeframe, with $4,000 and $3,700 supports. Be sure to enter these two areas as a step because one of these two areas is the price floor. If the flooring is made, the $4,800 and $6,000 targets will be reactivated.
➡️ The situation with Bitcoin at the moment, no matter how trite it sounds, has formed either up or down. On the chart, I plotted the main scenario for the next week's coin. The price is at a non-weak support, which is very likely to push the price up again. The trigger for purchases will be the closing of the price above the level of 55423.00$ , that is, inside...