Eth is looking to have a rest before a possible climb. If it drops below the retracement level gold box, a fake out is confirmed and back we go downward. However I believe a rise above £3k is possible for ETH in the coming days.
This is my view only and not to be taken as financial advice.
In our last Ethereum analysis, we were short from the break of ascending correction back to the bottom - raw gains of almost 25%!
We saw a triple bottom chart pattern which is a highly probable bearish to bullish reversal pattern. We are now approaching a very interesting level where we can look to add another buy position.
At the 2400 level, price converges...
• 4h time frame
At time of analysis, on 26th July, ETH price is $ 2.236, with all indicators on 4h time chart pointing out to an immediate pullback to previous support level.
This could be a good opportunity for daily or swing traders to short!
RSI is strongly overbought on 4h as price broke the upper side of the Keltner channel, being now ...
The general rule has always been: The bigger the correction, the bigger the impulse. Ethereum broke out of the massive bull run we had recently and is giving us a bigger and deeper correction.
There are a few places where we can look for price reversal.
First area is the $2650 where we have previous structure.
Second area is where we have the Major trendline and...
Welcome to this quick update, everyone.
#ETHUSDT bounced right off the $1706 which I called on my previous updates.
That was the golden pocket as per fIB RATIO.
There are two scenarios and both are bullish if you see it as a mid-term signal.
We might get another. opportunity to buy ETH around $1700 that could happen purely on a complete daily...
Welcome to this quick update on ETHUSD
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Etherium looks really bullish as of now.
Just like the BTC chart, I posted a few hours back.
A healthy retracement would really be good for a sustainable...
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
I see this as an still uncomplete correction to the downside. Scenario is exactly the same as BTC turning bearish very soon. I think that this move to the downside wont be too sudden and could take their time.
Not the place to turn bullish now
here I back test some various patterns measured with their respected targets and the chart confirms how well the target prediction lines up with actual price.
patterns are all coordinated by colour.
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