ETHUSD pair might Range trading around Red Upper Zone and Lime Lower Zone during Sunday.
Price up but volume decrease and small. Be caution of that.
Yearly High is 2142.85 recorded on Sunday 16 Apr, 2023. Recently high is 2136.53 recorded on Friday 10 Nov, 2023. The market is trying to challenging this year (2023) high.
If it could backtest support : said 1800-1830. A long term pressure line zone(Purple) has been breakup, suppose that Pressure becoming support. A closer look as following: If the test hold, a breakup previous high(Said 2142.85) is expected for bullish trend. Let's observe if it is still in Adam and Eve pattern development?
ETHUSD pair might want to repeat again the same Range. Possible Grid Range trading 500 Day logMA to 800 Day LogMA. Orange: 500 Days LogMA Purple: 600 Days LogMA Blue: 700 Days LogMA Lime: 800 Days LogMA Black: 900 Days LogMA
Dumper love to dump on Sunday. It might be a Killing Down To Buy(KDTB) whale strategy. Be caution of it. Orange: 500 day Log MA Purple: 600 days Log MA Blue: 700 days Log MA Lime: 800 days Log MA Black: 900 days Log MA *Ethereum cross trading with Bitcoin(ETHBTC pair) is in a low level. A Falling Wedge Pattern.
As per 23th Aug, 2023 mentioned: ETHUSD might be in a bullish flag pattern development(light blue channel). Currently it backtest support level. Someone else crazy dump for hot money maybe target at 800 days MA level (1500-1550) 500 days MA= orange line 600 days MA= purple line 700 days MA= blue line 800 days MA= green line 900 days MA= black line Our trading...
It seems the Stop Hunter Swap Long position from high side to low side forming a Teletubbies pattern. (Backtest purple downtrend zone) Possible development scenario: Scenario 1. Another Dump: Buyers kill Buyers, drop again to test a new low. Said: 800 days MA (1550) to 1000 days MA (1380) (This year low to last year end low) Scenario 2. Double bottom: Small...
Now it looks like it need one higher high to confirm falling wedge. Possible development : Possible 1: Maybe it might test low again said 1760 to 1800. Possible 2: Maybe break up the upside falling pressure line. *Note: this is just Personal record only, not financial advice.
ETHUSD pair recent development running in the range between 8 days and 30 days MA. Daily chart small step drop in recent week, trading volume decreased and small.(price drop + volume drop) Pattern developed: Maybe it will be repeated a 2-ladder Falling wedge pattern. A higher high, and lower high developed after first 2-ladder falling wedge. Said: left hand...
Possible 2 Scenario development: 1. Sideway walking between Orange and Green Zone. 2. Backtest previous support (Blue Zone) Support: -8 days SMA(Green zone), -8 weeks SMA(Blue Zone), -20 weeks SMA(Lime line), -30 weeks SMA(Blue line) Resistance: -85 weeks SMA(Red line), -90 weeks SMA(Purple line) Personal Record only, not for any financial advise.
1976 is a new resistance. Trading Volume not big while breakup previous resistance(Orange Zone). Possible Development Scenarios: Green Scenario: A possible backtest Orange Zone(The previous resistance) Red Scenario: Forming a head and shoulder pattern to test The previous support(Blue Zone) Bias: Green Scenario preferable. This is a Personal Record...
Players dumped ETHUSD on 10th of June(Sat) Asia session left a gap in US session. Price drop to our target Grid buy zone(Range trading). The US session gap might be filled recently. We estimate the market might test low again (Said 1720 or 1680, it is around 200 days EMA and SMA average range), and we plan to buy this test if nor more further dump. This is not...
Adam and Eve Development(Long Term)..or Head and Shoulder Development(Short term) A possible Grid zone is around 1800 to 2020. Bias is on the Bullish Side.
ETHUSD is planning to challenging 1789.98, previous high on Sun 11th Sep 2022. This bullish trend is being developed. A smile curve will be form.
Yesterday form a daily candle cross, low side testing was rejected(Gray line). It will test high side. Possible resistance is around 1640 to 1700(Purple zone), said the FTX event high.
It looks like a double bottom from daily chart. Neckline is around 1345 to 1350. 2022 yearly downtrend channel has been breakup. FTX downtrend line breakup, too. Market is circle around neckline, and waiting for bear to dump. If dumping not strong enough, then the bull will try to challenge the neckline and break it up to challenge another key resistance...
Before last year end, daily chart show a 3 block cross crows(14th to 16th, Dec, 2022), it was rejected to test the low of 3 white solders(23th Nov to 24th Nov, 2022). Market form a double bottom pattern. ETHUSD pair might try to challenge Key resistance level. First key resistance: 1301. Second Key resistance: 1366. Support 1: 1220 Support 2: 1180 Support 3: 1150