there is a downward divergence In the 1-hour and 4-hour timeframes, which could be the beginning of a correction in ethereum prices.
Also, as we know, any price increase needs to be settled, which requires a price correction after 11 positive days.
I am waiting for #2130
While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
A trough is formed in daily chart at 1719.100 on 07/20/2021, so more gains to...
Market in last 24hrs
ETHUSD broke the support of the Bollinger Bands midline. Historically, in the short timeframe of 4H, ETHUSD has respected the midline.
Today’s Trend analysis
ETHUSD could continue its bearish momentum, and move further downwards towards the lower band of the Bollinger Bands.
Price volatility remained high at approximately 6%, with the...
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ETH has dropped below the crucial support level. It will now act as a sturdy resistance zone keeping a check on ETH moving higher. On the technical front, price is still below the long...
If ETH can break above 2450$ and IF we have volume to comfirm that a breakout, the price action will probably lead to the dashed lines.
ETH broke it's huge ASCENDING TRIANGLE and TESTED it back, if this higher low holds on the 4H timeframe then I expect a nice bounce to the upside.
FIBONACCI LEVELS-------> exactly matches with the resistances above!!
ETH looks ready to move and start the 5th and final leg of the bull market. In my opinion, we have ahead a fun year extending till q2 of 2022. As you can see I layout the different waves from the start of this cycle. The 3rd wave was overextended and the corrective wave, the one we are in now and I suspect it just ended it the perfect EW target of 0.236...
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A simple chart for ETH! The trend is working well and we have highlighted the key areas for this pair. When looking at charts the daily timeframe will always give you the clearest picture. This speaks a thousands words!!
If this is a descending triangle then its likely this will follow our path as these are usually continuation...
SUMMARY: Long, the 4th wave correction is almost complete and we could see a potential USD13k ETH around the end of the year.
-- Technical --
Most described on the charts.
Stoch RSI is in the floor and MACD has reverted towards to mean (ETH @ $2k)
-- Fundamentals --
On-chain data shows wallets with 1-10k holds are accumulating more ETH.
Please HIT the...
Here we go, the ETH set-up. We should have a pullback to the 2000 region on the next BTC...this will be the last time we will see eth at 2k. The tp will 2400, 2900 and 3500 by the end of the month. We are going to form an inverted head n shoulder on the daily timeframe before resume the bull cycle. In case anything drastic will happen I will update the charts. If...