Due to recent news, and upgrades about to happen, it looks really good for ethereum I expect the price to keep in this corridor upwards until hit resistance. Then we will see, potentially It will go sideways for a while.
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With our breakeven point still at 1441.60 we are still we in profit and have the option to close the trade early. Looking at this tight decending channel leading into the longterm trendline. These two should meet in early september and will make our decision to continue or exit trade a little more clear.
ETHGBP looking strong on the daily, 4 hour and 1 hour charts. Holding strong on the descending channel with various indicators showing bullish signs. Also their is a clear inverted head and shoulders pattern if you are into that kind of thing. Looking for a bullish entry but you do you.
Lots of possible trade setups got wrecked on the daily after the SEC went after binance and coinbase. Looks like the ETH believers have bought up the dip as we touch of the super loose channel. Far stretched from the ICH cloud and SMA on the daily but the 1 hour tells a bullish different story. Looking for more bullish signals later in the week and maybe am entry...
Good morning all, another little update today on the Bitcoin long, along with the comparison of ETH. As we can see ETH is leading the way trading nicely above the 100 moving average. BTC did peak above a few days ago but currently still trading underneath. But it is still giving us bullish structure, even though small. Will it last and continue? Only time will...
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article :
Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years....
Good morning all, hope you all had a good weekend. Before this week kicks off I was just observing the crypto charts and also doing a little reading. Much to my delight reading that ETH has been leading the way against BTC for the last 4 years. Here is a snippet from the article :
Ethereum outperforms Bitcoin 2X in Compound Annual Growth Rate over past 4 years....
Afternoon all, Is ETH the new KING of CRYPTO? Today I am following on from the post last week regarding our Bitcoin buy and also the pattern I noticed compared to ETH. As you can see from the charts the left hand side is Bitcoin which is currently dropping in value, the structure hasn't been broken yet but still lagging behind. Still holding longs in profit on...
Good morning all, update today is a little different. I have included what I found to be interesting with BTC and ETH. As we can see it looks like ETH is leading the way on the current price action. Price for ETH is trading above all 3 of my moving averages. Which is a good indication of a medium trend change at the least. BTC is lagging behind it so far. Could...
Hit the target area and behaved as expected (generally). Currently in a counter-trend situation but would reconsider any long entry at this point... It already too high.
It took 2 months to materialise from the original projection. But the key takeaway is that you want to wait for prices to reach significant previous demand zones (if planning long entry) or,...
Ethereum (ETH) / Great British Pound (GBP)
4 Hour time frame
Bullish
Broken consolidation structure on Ethereum 4 hour chart with strong bullish candles.
SolarFX
As the trend is changing after losing a huge dip its moving upwards but gap is reducing and looks like its not going to go very high but right now the trend is on the high side.
I've personally put ALL my assets onto cold storage and waiting for price to recover all those big pumped green vector candles that our good friends, the market makers have kindly sold to all those traders that bought using leverage...so their essentially in a loss on those contracts they agreed to. This "pre covid" line , imo, applies to all the coins that...
Ethereum (ETH) / Great British Pounds (GBP)
1 week time frame
HEAD & SHOULDERS PATTEREN
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Enjoy
SolarFX
As usual .. I am correct. lol... The amount of trolls that I got for this post were astounding.
These trolls were likely people who bought at the very top and are emotional. These trolls tend to not have any charts posted of their own as well... I hope that these people learned their lesson and are making better decisions with their money... Enough of that.
No...
It's all about accumulation and distribution. Does the correct price level look like accumulation? I do not think so.
Look for accumulation patterns off of old order black/demand zones. See where the high stopping volume areas are and evaluate/analyse from there. Patience is extremely important in crypto. if you are lookiing to hold long term and get in at a...
ETHGBP D1
Back on the daily here, this is why I feel we have more room downside, still awaiting test of major supports across a handful of other crypto instruments, BTCUSD has already broken downside and retest.
£1300 is indicated as major support. From here we could look for consolidation/corrections.
